PipScope_FX
Short

EUR/USD Short

FX:EURUSD   Euro / U.S. Dollar
EUR /USD looks to have reached major resistance and could be about to melt to the downside , many confluences are present which makes it a viable trade to take, Nice 100 PIPs there for FREE. Let me know what you guys think.
2 Entry Points here on the red horizontal line, if price breaks this then wait for the given entry
Confluences:
-Respects Trade line (With 3 touches)
-Struggling to break Resistance
-Alligator indicator indicates Selling power
-Support and resistance respect the Fib Values
-Bearish Candlestick Patterns
Comment: Partial Profits taken
Comment: SL Breakeven / Close Trade Aswell and secure profits if you want , take money from the markets 🤧 if you don’t want to take partials and be patient

Comments

H4 bullish
+2 Reply
PipScope_FX son.nguyen98
@son.nguyen98, yes you are right however price has now reached major resistance level on all time frames , where price is failing to break past and in the past has been support or resistance, we are in essence collecting the profits from the bounce off , as shown with the trend lines a falling wedge pattern has emerged and this further signals a bearish swing
Reply
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