EURUSD: Sell the break out

FX:EURUSD   Euro / U.S. Dollar
2323 23 79
The pair is showing signs of weakness and already broke below the trend line shown in the chart, it looks a good idea to sell in case of a retest and bounce. Good luck!
Comment: also note the huge divergence on the MACD
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Disclaimer: The trade ideas posted here are only my view of the respective market and is intended purely for guidance/informative purpose only and should not be taken as a trade call.
Comment: deeper analysis on the daily
Comment: expecting next impulse up
great analysis cheers mate
piphunters bassel.hadak
thanks mate
hi- I notice you draw your trendlines and support/resistances at opens and closes ,,,not at the wicks,,,is it just a matter of preference?,,,do you find it more reliable?
thank you!,,,
piphunters tony12000
I tend to discount the wicks, also you should note not to depend solely on trend lines, they are used for guidance of underlying analysis
Check this one out mate:

Might be good to take both, usdcad and eurusd shorts.

+2 Reply
piphunters IvanLabrie
right! thanks for the chart, USDCAD I already got prepared to short, looking nice, need to study the EURCAD further, you believe it's a longer term short?
IvanLabrie piphunters
Yes, eurcad in particular. Very wide moves, so it's currently my main focus.
IvanLabrie IvanLabrie
We might have a great opportunity in both pairs. EURUSD has pretty considerable downside.
piphunters IvanLabrie
Right now I am taking EURUSD to go one lag up higher before downside may begin to below parity levels
piphunters IvanLabrie
agreed, nice hammering it out!
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