Eurodollar is showing a double (-ve) trending momentum on 4&1HR frames, indicating the light brown / khaki neckline (shown above), to be the next target <1.073>.
A possible right shoulder formation <1.085> could then form which should be aggressively re-shorted to <1.065-1.053> levels. The momentum trigger on the 4HR above shows the market potentially erupting into a wedge, taking price to <1.065-1.053>levels. (Compare with the leading diagonal, on a similar trigger that had previously taken price to <1.0530>
Profitable Trading
Summerset
A possible right shoulder formation <1.085> could then form which should be aggressively re-shorted to <1.065-1.053> levels. The momentum trigger on the 4HR above shows the market potentially erupting into a wedge, taking price to <1.065-1.053>levels. (Compare with the leading diagonal, on a similar trigger that had previously taken price to <1.0530>
Profitable Trading
Summerset
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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.