SHORT IDEA FOR NEXT WEEK – EURUSD – 4 HOUR CHART


SEE PICS BELOW!

WEEKLY CHART
– price currently in a donwtrend
– this weeks weekly candle closed below previous lower low
– nice rejection from the monthly key level
https://www.tradingview.com/x/ZNGsmzz2/

DAILY CHART
– price in a downtrend (confluence with weekly chart)
– price broken through level 1.13668 with two strong bearish candles
https://www.tradingview.com/x/g3cVzp3H/

4 HOUR CHART
– price in a downtrend (three timeframes with confluence for a downtrend)
– price broken the previous low to make a lower low
– for price to signal an uptrend, price will have to break 1.14922 level
ENTRIES
– either price will pullback to levels 1.13668 or the monthly key level of 1.14509 level
https://www.tradingview.com/x/tdS5ZD0t/

TARGET
– price target would be next S/R level which is 1.12833

By admin