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RiverThink

EURUSD, High Probability Sell (H4)

Short
Euro / U.S. Dollar (FX:EURUSD)  
RiverThink  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD Forex
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trendanalysis harmonicpatterns chartpattern eurusd forex
For the 1.10200 price level we have:

-Major 38.2 and minor 61.8 lining up as confluence
-Counter-trendline resistance
-End of Elliott Wave channel resistance
-Overall downtrend

Scenario #2:

-If price does not reach the 1.10200 price level, then the 1.10000 price level will act as strong resistance.

SL: 1.10700
TP1: 1.08900
TP2: 1.08000
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