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4H Trend Line Resistance - Technicals point SHORT EUR/USD
Stops around 1.13200
Huge Bullish Pattern 4H
Buy Limit @ 1.9437s
SL: Below 1.9200s
Target 1: 1.9968
Target 2: 2.0300
Sell Limit @ 0.77165
Stops Above 0.77420s
Target 1: 0.76770
Target 2: 0.76520
Buy Limit @ 1.47790
SL: Below 1.4760s
Target 1: 1.48000
Target 2: 1.48190
We might see this channel respected
and EURGBP move up and complete
a butterfly pattern @ 0.71856
Buy Limit @ 0.70310
Stops below 0.69950s
Target 1: 0.70680
Target 2: 0.70950
Not sure if we will get there
but if we do, this would be a
good short entry.
Possible long term..
Sell Limit @ 0.78123
Stops Above 0.78650s
Target 1: 0.77350
Target 2: 0.76868
Bearish Trend Continuation Trade
This is going against fundamentals but could prove to be the last pullback before we see parity.
Double top then broke structure, high probability trade if we sell at the 618 retracement.
AUD recently showing lots of strength, potential for this channel to keep pushing this pair long.