EURUSD has broken upwards of weekly downwards channel. I expect a retracement before looking at potential buys.
Indicators:
1. Daily and Weekly RSI is sell zone.
2. Price currently at strong weekly resistance area (Look left).
Entry at current price of 1.1608 or 1.1650
Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600
TP 1@ 1.1500
TP 2@ 1.1450
SL 1.1690 range
(short stop loss implemented as this pair is very volatile at the moment)
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
Trading made simple
Indicators:
1. Daily and Weekly RSI is sell zone.
2. Price currently at strong weekly resistance area (Look left).
Entry at current price of 1.1608 or 1.1650
Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600
TP 1@ 1.1500
TP 2@ 1.1450
SL 1.1690 range
(short stop loss implemented as this pair is very volatile at the moment)
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
Trading made simple
Note
Trade invalid, no confirmation of bearish daily candlestick.
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.
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.