Riding on the downfall of US dollar
As you might be aware, there is a inverse relationship between USD and EUR. When USD is up, EUR goes down and vice versa.
Now, on the day chart, we see there is a nice inverse H&S pattern displayed. Moving to a smaller timeframe, 4H, the inner bearish trend line (red dotted line)has been broken.
So, we can take a long position here. When it hit the 1.09 price level area, it might retrace upon hitting the main bearish trend line (red) so it does not necessarily means the price action will work out as shown on my chart.
SL can be 1.08169 area , somewhere close to the inner bearish line.
Now, on the day chart, we see there is a nice inverse H&S pattern displayed. Moving to a smaller timeframe, 4H, the inner bearish trend line (red dotted line)has been broken.
So, we can take a long position here. When it hit the 1.09 price level area, it might retrace upon hitting the main bearish trend line (red) so it does not necessarily means the price action will work out as shown on my chart.
SL can be 1.08169 area , somewhere close to the inner bearish line.
Transaction en cours
long
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.