EUR/USD Short - a descending wedge, testing monthly resistance

Singkat

Euro / Dolar A.S. (FX:EURUSD)

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FX:EURUSD Euro / Dolar A.S.

eurusd euro short wedgepattern supportandresistance

Fully technical based. the chart is in a descending wedge and is now looking to bounce off the upper trend line in conjunction with the monthly resistance. I could have had a better entry, but didn't want to risk it going further down before touching the upper trend line again. EUR/USD SHORT.

Komen:

the price will also struggle to get past the wedge pattern as there is a 4hr resistance barrier and the touching the monthly resistance. Now is the best time to short.

Komen:

Risk/Reward: 1.98

Dagangan aktif:

EUR/USD is now moving in the predicted direction, bearish after hitting the wedge. Still in negative because of the not so great entry. But should soon be in profit, will probably take some time to hit TP however.

Dagangan ditutup: hentian tercapai:

After the economic data, the pair moved in the opposite direction and out of the wedge, hitting the SL. Will keep an eye on it to see if it re-enters the wedge or continues up and through the monthly resistance.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.