EUR/USD: Sell the Pull-back at triple confluence zone, @ 1.23640

Hi guys,

Here's a nice trade I will be taking.

As you know, I am bearish on EUR/USD(please refer to my previous ideas).

The idea is simply to sell the pullback which is a triple confluence zone: 61.8% Fib retracement as well as High volume and former support zone.

Should the trade not be triggered, doesn't matter we will find another one ;)

Any like/comment is highly appreciated.

Trade with care!

Best,

Jesse

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PB one level higher

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Finally some action :-)

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Patience is key....

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The developing Poc is not holding suggesting downside to 1.23360

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This pair has been horrible to trade over the last month I must admit!

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* REMINDER NOT TO TRADE EUR/USD UNTIL FURTHER NOTICE LOL*

I am still bearish

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New target at 1.23300

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OK guys, UPDATE on this pair.

We have a nice rejection of 1.24 level. I think it's a good sign that the right shoulder is currently ongoing.

Please pay attention to the below chart. We have a parallel line which is perfectly respected between left and right leg.

Since the potential H&S pattern is ascending, it's likely to break hard if the neckline is violated (which I think will happen).

The technical target is below 1.23 but I will set 1.23 as my final target.

Best,

Jesse

تعليق:

not a parallel line but horizontal line*