I've mentioned this price zone in this week's newsletter and, as expected, EURUSD is already testing it on Monday morning.
1.085-1.1 is a weekly resistance zone that include:
1) 200 days MA line
2) Daily downtrend line
3) Weekly Structure
4) AB=CD pattern
Although it is a wide price zone, I think you should pay attention to it and look for intra-day bearish reversal patterns that will allow you to better time a bearish entry.
the 1.085 is this week's focus zone with the 200 days MA line that should act as resistance.
1.085-1.1 is a weekly resistance zone that include:
1) 200 days MA line
2) Daily downtrend line
3) Weekly Structure
4) AB=CD pattern
Although it is a wide price zone, I think you should pay attention to it and look for intra-day bearish reversal patterns that will allow you to better time a bearish entry.
the 1.085 is this week's focus zone with the 200 days MA line that should act as resistance.
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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.