moxiewatts

Short Position Correctional Move to Previous Resistance

Short
FX:EURUSD   Euro / U.S. Dollar
We saw a strong move to the upside and a week of consolidation. Price broke above average and then below average, creating the 'whipsaw' effect aiming toward the downside without creating a higher high.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.