The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.