BEARISH EURUSD 1H: Support becoming resistance. Bearish price action in kill zone.
(Analysis Based on 1 hour chart)
Observations
1. Long term down channel
2. Short term up channel being retested
3. Price at daily swing low
4. Overbought RSI at 1H swing high
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend oppertunity based on my daily outlook
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(Analysis Based on 1 hour chart)
Observations
1. Long term down channel
2. Short term up channel being retested
3. Price at daily swing low
4. Overbought RSI at 1H swing high
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend oppertunity based on my daily outlook
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Related publications
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.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Related publications
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.