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RaynLim
Dec 25, 2023 10:31 AM

Weak Bull Formation and Short-Term Buy/Sell Opportunities Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD presents a potential shorting opportunity with the Bearish Butterfly Pattern on the 4-hourly chart at 1.1045. This aligns with the backdrop of a weaker bull trading setup observed on its Weekly chart.

For those seeking a buying opportunity, consider monitoring the 1-hourly chart at 1.0993, where a potential support trading setup might offer an entry for bullish positions.

What's your analysis or stance on EURUSD? Share your thoughts below!
Comments
fmlbfx
Where is the target on H4?
Point of entry and stop loss?
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