rkarara

POSSIBLE PULLBACK AND SHORT - EURUSD - 4 HOUR CHART

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

DAILY CHART
- price in a overall downtrend
- price respecting down trending trendline
-price has broken below support turned resistance level which is 1.13996
- price making LL and LH

4 HOUR CHART
- price in an overall downtrend (confluence with daily chart )
- price on 4 hour chart making LL and LH
- 50% fib level supports 1.13996 area just above it
- trendline also supporting the fib and the 1.13996 level

TARGET
- tagrets would be next support level down which is 1.11606

Comments

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