For3xScalper
Short

EURUSD Likely to go DOWN

FX:EURUSD   Euro / U.S. Dollar
Hello Traders,

Hope you all are doing good!!

EURUSD pair looks more cleeaner in the coming week. Mostly SHORT side as is very clear in the Chart.

TP1@ 1.11 -----> As per H&S , the pair can drop till this level
TP2@ 1.10 -----> Fib Retracement 61.8% lies in accordance with this level

I am here predicting EURUSD to go down.
Reasons:
1) Pair finished the H&S pattern & already reversed the movement.
2) The hidden divergence can be seen in different time frames. I have drawn in 4H for instance.
3) Pivot of the first week of this month was missed by the price. 85% of cases missed Pivot llikely to hit back in 4 weeks & this is the 4th week.
4) The hidden trend line is crossing at TP1 & TP2; most likely along with the price action.
5) The fib ratio of 50% around TP1 & perfect overlap 61.8% at TP2.

Please follow, like and comment if you like my analysis.

Disclaimer: This is just my trading idea. Please do your own analysis before opening any position.

Comments

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