jeanluc.lazet
Short

EURUSD - Trend line breakdown

FX:EURUSD   Euro/U.S. Dollar
We have some support and resistance leading into the trend line . Price confirmed the trend line with a couple of days of consolidation around the 1.135 level. Now that we have a breakdown, ill look for a retracement to around the 1.134 area for a short entry.

Any thoughts would be appreciated :)
Trade active: Entry has been hit! To the pip!
Trade closed: target reached: Target has been hit at just above the 1.12 area! A very nice 6% profit
good job
+1 Reply
jeanluc.lazet PRO Ichimoku_Trader
Thanks man
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Ichimoku_Trader jeanluc.lazet
my pleasure
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I agree with you. My targets are 1-4 Wolfe Wave line and subsequent Cypher completion.
+1 Reply
We could see some chop at this price level. But overall still bearish on EU. It will be interesting to see how price reacts to Friday's low when it tests it.
+1 Reply
I do see we have that low at around the 1.120 which I will definately looking out for if we get to that level.
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