EURUSD: Sell at Resistance near Channel TOP + 100D EMA
Hello Traders, in my previous EURUSD idea on May 30,2019, I advised you to buy EURUSD between 1.1100-1.1130. As you can see both that trade gave us more than 150pips profit. Right now, I would like to show you a potential SELL Setup.
As you can see EURUSD is approaching THREE STRONG RESISTANCES:
1) TOP of the BEARISH CHANNEL .
2) PREVIOUS DOUBLE TOP which can be a potential TRIPLE TOP.
3) 100D EMA which will act as a strong resistance.
The combination of these THREE resistances gives us a STRONG BEARISH BIAS.
So, DEPENDING ON BEARISH PRICE ACTION, traders can look for SELL at 1.1268-1.1300 with SL above 1.1337
TPs can be set at 1.1180, 1.1100 and 1.1040 respectively.
I already sold at 1.1260 and holding the trade.
As you can see EURUSD is approaching THREE STRONG RESISTANCES:
1) TOP of the BEARISH CHANNEL .
2) PREVIOUS DOUBLE TOP which can be a potential TRIPLE TOP.
3) 100D EMA which will act as a strong resistance.
The combination of these THREE resistances gives us a STRONG BEARISH BIAS.
So, DEPENDING ON BEARISH PRICE ACTION, traders can look for SELL at 1.1268-1.1300 with SL above 1.1337
TPs can be set at 1.1180, 1.1100 and 1.1040 respectively.
I already sold at 1.1260 and holding the trade.
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