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c4ss10p314

Possible trend reversal for EURUSD

Short
Euro / U.S. Dollar (FX:EURUSD)  
c4ss10p314  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Multiple Time Frame Analysis Economic Cycles swingtrading Forex EURUSD short
5
0
supportandresistance mtfa economiccycle swingtrading forex eurusd short
Hello world,

Theory:
possible trend reversal at res. level

We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss

What I am waiting for:
- break of the short term trend line (red)


Happy to take feedback.

All the best,
c4ss10p314
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