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ProjectSyndicate
Aug 18, 2020 6:13 PM

EURUSD H4: 2000 HEAVY RESISTANCE / H*S setup(NEW) Short

Euro Fx/U.S. DollarFXCM

Description

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-TD9 counts / combo review
-Key S/R levels
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EURUSD H4: 2000 HEAVY RESISTANCE / H*S setup(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect 200+ pips
correction soon once we hit the HEAD level

🔸 Summary and potential trade setup
::: EURUSD H4 chart review
::: almost maxed out now
::: marginal upside remains
::: 2000 heavy psychological level
::: also 162 extension
::: expecting fast rejection from HEAD
::: HEAD of the pattern is set at 2000
::: SHORT IT from HEAD
::: 200 pips downside to re-test neckline
::: TP BEARS is 1730 neckline of pattern
::: Recommended strategy: SHORT IT
::: big moves in FX next few months
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
Comments
leonidk7
Agreed
Rachit_Sethia
What is the lowest we can expect from this move?
dwbiggy
Tnkx for sharing
Yuriy_Bishko
VasilyTrader
Solid view, buddy!
What do you think about my analysis?
finecountryo
Good and incisive analysis, thank you maan.
HDFX-Trading
I didnt see this thanks for sharing bro
jojofang0901
Good breakdown, thank you
VladimirRibakov
Nice analysis, well done!
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