Euro / DollaroShort
EURUSD 4hrs/Daily Short Opportunity
EURUSD 4hrs/Daily Short Opportunity
EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend.
Entry point: 1.23
SL: 1.253
TP1: 1.2165 (above next 4 hours support)
TP2: 1.21 (above 4 hours S2)
TP3: 1.195 (above 4 hours S3)
TP4: 1.1772 (above 78.6% fibonachi reversal level of wave 5 in daily trend)
Wait for reversal confirmation before entry
EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend.
Entry point: 1.23
SL: 1.253
TP1: 1.2165 (above next 4 hours support)
TP2: 1.21 (above 4 hours S2)
TP3: 1.195 (above 4 hours S3)
TP4: 1.1772 (above 78.6% fibonachi reversal level of wave 5 in daily trend)
Wait for reversal confirmation before entry
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