EurUsd Short Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 29, 2023 6:19 PM

I will be looking for EURUSD Short for the following reasons:

1. Potential Double top

2. Ascending Channel (Reversal structure) to complete the third touch.

3. Will wait for the price to do either of these: break and close back in into the structure and form a LTF reversal pattern at the level.

1st Target: 1.09610

2nd Target: 1.07131

Comment

⋅ Apr 30, 2023 12:26 PM

I will potentially take a long trade on EU before capitalizing on the potential Dollar strength in the coming week.

Disclaimer: This is not a trade signal, and must not be taken as such.

Trend Analysis Chart Patterns

Comments

JoeChampion

⋅ Apr 30, 2023 8:13 AM

I agree on USD strength, thank you!