EURUSD SHORT
EURUSD is in a strong Downtrend both on the longer TimeFrame and on the Intermediate Time frame. We are have had a Break of structure on the Daily Time Frame and we now want to wait for a LH to form on the 4H to enter into our Short positions.
On the Lower and intermediate Time frame we are showing signs of OverSold behaviour and our primed for a Upward Move which we will not currently Trade.
Fib extensions Levels project a move downward to 0.98 to 0.99 over the coming weeks on the Longer Time frame.
The Change of character has not yet begun on the LTF so we cannot Accurately use our Fibonacci Retracement Tools just yet, our prediction is that we have begun it but using anything below 30M to identify this is not beneficial as there is too much market noise. We will be reactive to the market and not predictive and enter our short when we get confirmation of the Bearish Change of Character when this coming LH forms.
Stay tuned for the update when this happens by clicking that follow button!
On the Lower and intermediate Time frame we are showing signs of OverSold behaviour and our primed for a Upward Move which we will not currently Trade.
Fib extensions Levels project a move downward to 0.98 to 0.99 over the coming weeks on the Longer Time frame.
The Change of character has not yet begun on the LTF so we cannot Accurately use our Fibonacci Retracement Tools just yet, our prediction is that we have begun it but using anything below 30M to identify this is not beneficial as there is too much market noise. We will be reactive to the market and not predictive and enter our short when we get confirmation of the Bearish Change of Character when this coming LH forms.
Stay tuned for the update when this happens by clicking that follow button!
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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.