Hey guys,
this is the hourly chart on EURUSD. If you're wondering why i'm in this chart, that's because EURUSD has hit the superior edge of the consolidation channel that's trapped it for more than 2 years. When i'm in a high location i always look for shorting opportunities, and if we're in a daily structure i'm allowed to use 4hr and 1hr chart in order to find trading opportunities. Here's in the form of a double top broken to the downside. This is a 2618 strategy and it consists on selling the 618 retracement of the leg that breaks the neckline. Stops above 1,17, targets as displayed atm.
If you want to ask questions or share ideas, feel free to comment.
Otherwise, see you in the next chart!
this is the hourly chart on EURUSD. If you're wondering why i'm in this chart, that's because EURUSD has hit the superior edge of the consolidation channel that's trapped it for more than 2 years. When i'm in a high location i always look for shorting opportunities, and if we're in a daily structure i'm allowed to use 4hr and 1hr chart in order to find trading opportunities. Here's in the form of a double top broken to the downside. This is a 2618 strategy and it consists on selling the 618 retracement of the leg that breaks the neckline. Stops above 1,17, targets as displayed atm.
If you want to ask questions or share ideas, feel free to comment.
Otherwise, see you in the next chart!