Trade Idea
A bearish Head and Shoulders has formed.
Negative overnight flows lead to an expectation of a weaker open this morning.
Selling posted in Asia.
We look for a re-test of the downward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward.
We look to Sell at 1.7325
Stop: 1.7375
Target 1: 1.7150
Target 2: 1.7100
A bearish Head and Shoulders has formed.
Negative overnight flows lead to an expectation of a weaker open this morning.
Selling posted in Asia.
We look for a re-test of the downward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward.
We look to Sell at 1.7325
Stop: 1.7375
Target 1: 1.7150
Target 2: 1.7100
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.