EUR/USD: Sell the Pull-back at triple confluence zone, @ 1.23640
Hi guys,
Here's a nice trade I will be taking.
As you know, I am bearish on EUR/USD(please refer to my previous ideas).
The idea is simply to sell the pullback which is a triple confluence zone: 61.8% Fib retracement as well as High volume and former support zone.
Should the trade not be triggered, doesn't matter we will find another one ;)
Any like/comment is highly appreciated.
Trade with care!
Best,
Jesse
Here's a nice trade I will be taking.
As you know, I am bearish on EUR/USD(please refer to my previous ideas).
The idea is simply to sell the pullback which is a triple confluence zone: 61.8% Fib retracement as well as High volume and former support zone.
Should the trade not be triggered, doesn't matter we will find another one ;)
Any like/comment is highly appreciated.
Trade with care!
Best,
Jesse
Comment:
PB one level higher
Comment:
Finally some action :-)
Comment:
Patience is key....
Comment:
The developing Poc is not holding suggesting downside to 1.23360
Comment:
This pair has been horrible to trade over the last month I must admit!
Comment:
* REMINDER NOT TO TRADE EUR/USD UNTIL FURTHER NOTICE LOL*
I am still bearish
I am still bearish
Comment:
New target at 1.23300
New target at 1.23300
Comment:
OK guys, UPDATE on this pair.
We have a nice rejection of 1.24 level. I think it's a good sign that the right shoulder is currently ongoing.
Please pay attention to the below chart. We have a parallel line which is perfectly respected between left and right leg.
Since the potential H&S pattern is ascending, it's likely to break hard if the neckline is violated (which I think will happen).
The technical target is below 1.23 but I will set 1.23 as my final target.
Best,
Jesse
We have a nice rejection of 1.24 level. I think it's a good sign that the right shoulder is currently ongoing.
Please pay attention to the below chart. We have a parallel line which is perfectly respected between left and right leg.
Since the potential H&S pattern is ascending, it's likely to break hard if the neckline is violated (which I think will happen).
The technical target is below 1.23 but I will set 1.23 as my final target.
Best,
Jesse
Comment:
not a parallel line but horizontal line*
