EUR/USD Chart Idea
Red line:
Currently we are going short hitting out first target of 1.12642
- It could retest up to around 1.13190 because the previous resistance area (June 17,19 ) around the 1.12485 got rejected and then made a breakout move creating a new high
Why would it hit a retest and drop
1) it will hit the 0.5 Mark on the Fib retracement to retest but then around the 1.13181 area is now resistance
2) its a double top and it could possibly hit 1.12436 area
3) the bounce up creating a new high and a confirmed uptrend
4) Mac-D indicator 2HR both lines are currently touching = New Trend is forming
(Ignore Blue lines)
Im not a professional trader
I am not responsible for your losses if you do end up trading this idea
Thank you for taking the time to read this Dont forget to like if you do agree !
Currently we are going short hitting out first target of 1.12642
- It could retest up to around 1.13190 because the previous resistance area (June 17,19 ) around the 1.12485 got rejected and then made a breakout move creating a new high
Why would it hit a retest and drop
1) it will hit the 0.5 Mark on the Fib retracement to retest but then around the 1.13181 area is now resistance
2) its a double top and it could possibly hit 1.12436 area
3) the bounce up creating a new high and a confirmed uptrend
4) Mac-D indicator 2HR both lines are currently touching = New Trend is forming
(Ignore Blue lines)
Im not a professional trader
I am not responsible for your losses if you do end up trading this idea
Thank you for taking the time to read this Dont forget to like if you do agree !
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.