I have a Bearish Stance on the EURUSD...
- Price Divergence Between EURUSD and GBPUSD. EURUSD Made HH and GBPUSD made HL.
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR
- TP#1 Previous Week's Low (Black Line)
- TP#2 Previous Consolidation Area (Purplish Area) + 127% FIBO Level
Use at own risk...Am a rookie!
- Price Divergence Between EURUSD and GBPUSD. EURUSD Made HH and GBPUSD made HL.
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR
- TP#1 Previous Week's Low (Black Line)
- TP#2 Previous Consolidation Area (Purplish Area) + 127% FIBO Level
Use at own risk...Am a rookie!
Trade active:
Holding until tomorrow Frankfurt Open 2am est.
Trade closed: stop reached:
REKT!