EUR/USD Update First Target Reached(Potential Setup) by TRIFRACT
The first target was reached and it found resistance there with a pinbar rejection. The scenario outlined below is for a short setup around 18th of March @ 1.132-1.133 IF the price decides to correct now. IF price does continue higher it is INVALID.
First See this:
I was looking for a move to 1.13 on the 12th of March and rejection.
It did occur but the problem is that TIME is showing that this might not be the top so no short position is viable option at this point. The chances are there will be a correction starting today to around
1.121-1.124 and then another rally for a top around 18th of March(Next Monday) which IF we hit the same resistance
on the 18th will be the short opportunity.
This is just a projection, NOBODY can predict the small fluctuations in the market with precision BUT if this setup occurs then 1.132-1.133 on the 18th of March is a short.
Wish all of you profitable trading.
Trifract
First See this:
It did occur but the problem is that TIME is showing that this might not be the top so no short position is viable option at this point. The chances are there will be a correction starting today to around
1.121-1.124 and then another rally for a top around 18th of March(Next Monday) which IF we hit the same resistance
on the 18th will be the short opportunity.
This is just a projection, NOBODY can predict the small fluctuations in the market with precision BUT if this setup occurs then 1.132-1.133 on the 18th of March is a short.
Wish all of you profitable trading.
Trifract