EURUSD: Triple Top sell opportunity on 4H.

The pair has just been rejected for the 3rd time since April 22nd on the 1.12650 4H Resistance. Despite still being bullish (though on some neutral bias such as STOCH = 52.12, ADX = 22.367, Highs/Lows: 0.0000), the price may establish this as a Triple Top rejection pattern. Our TP is 1.11800. If the 4H Resistance breaks, we will add a last short on the 1.13250 1D Resistance. Keep in mind that the pair is on a long term bearish trend within the 1W/ 1M Channel Down and every Lower High should be sold.

We encourage investors to use those wider time frames (1M, 1W Channel Down) in identifying entries/ exits as they have been very consistent for us for the past 3 months:











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