A small model 3W was broken down:
More about the 3W model here.
The price is dropping towards the upward support level of the mid-term consolidation. A breakdown of the medium-term consolidation downward may lead to a decrease in the price to the area of the upward support level of the long-term consolidation, to the area of 1.08.
More about the 3W model here.
The price is dropping towards the upward support level of the mid-term consolidation. A breakdown of the medium-term consolidation downward may lead to a decrease in the price to the area of the upward support level of the long-term consolidation, to the area of 1.08.
Trade active:
The ascending support level of the long-term consolidation has been broken down. I use monthly put options to open short EUR/USD positions.
The ascending support level of the long-term consolidation has been broken down. I use monthly put options to open short EUR/USD positions.
Trade closed: target reached: