EURUSD still in a downwards channel at a very strong resistance area 1.1400 to 1.1450.
Entry:
1. Pending sell at 1.14 with short stop loss above last high, or
2. Confirmation of up trend line break to the bottom with a daily bear candle closed under.
Indicators:
1. Currency pair at a strong weekly pivotal point and resistance area. (Look Left Rule: Market has bounced off of this area for the past few years).
2. Main direction still downwards.
3. Weekly and Daily RSI overbought, bull exhausted.
Take Profit Levels at past support areas
Good luck trading!
Charles V
CVFX Management
Trading made simple
Entry:
1. Pending sell at 1.14 with short stop loss above last high, or
2. Confirmation of up trend line break to the bottom with a daily bear candle closed under.
Indicators:
1. Currency pair at a strong weekly pivotal point and resistance area. (Look Left Rule: Market has bounced off of this area for the past few years).
2. Main direction still downwards.
3. Weekly and Daily RSI overbought, bull exhausted.
Take Profit Levels at past support areas
Good luck trading!
Charles V
CVFX Management
Trading made simple
Note
Currently still no confirmation to enter a sell trade. Sitting aside until we get confirmation of a daily bear candle closing under the up trend line.Note
Pair created new high, currently no entries as confirmation was never met. Staying out of pair until there are stronger confirmations.
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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.