rkarara

TREND CONTINUATION TRADE FOR UPCOMING WEEK - EURUSD - SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
SEE PICS BELOW FOR FULL VIEW!

DAILY CHART
- price making lower lows and lower highs
- price got rejected from level 1.13996
- price not broken higher than the previous high which was 1.15000 (if broken price could have gone up)

4 HOUR CHART
- price also in a downtrend (confluence with daily chart )
- possible pullback into the green area between 50% fib level
- or a pullback towards 1.13996 level with 38.2% fib level supporting
- 1.13996 level been tested as S/R in the past

1 HOUR CHART
- price in a downtrend (3 timeframe confluence)
- possible entry on the 1 hour chart or lower timeframe

TARGETS
- TP1 1.13017
- TP2 1.12171

Comments

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