EURUSD, Possibly more downside momentum coming next week
Monthly:
Price is below a big descending trendline and it is forming a H&S pattern.
Weekly:
Price is making LLs and it is rejecting the 61.8% of the weekly fib.
Daily:
Price already retested the institutional candle (white box) so it could continue to the downside at least to the beginning of the correction.
4H:
Price formed a bearish W and it rejected the 61.8% of the 4h fib.
Price is below a big descending trendline and it is forming a H&S pattern.
Weekly:
Price is making LLs and it is rejecting the 61.8% of the weekly fib.
Daily:
Price already retested the institutional candle (white box) so it could continue to the downside at least to the beginning of the correction.
4H:
Price formed a bearish W and it rejected the 61.8% of the 4h fib.
Trade active:
Monthly:
Weekly:
Daily:
4H:
Order cancelled:
Price was too impulsive to the upside due to the DXY weakness.
There was no confirmation to go short on this one.
There was no confirmation to go short on this one.