BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest
Nov 15 2015: BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest
(Analysis Based on 1 hour chart)
Observations
1. Long term bearish channel
2. Short term bullish channel
3. Short term bearish channel
4. Consolidation
5. Descending triangle
NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell breakout after retest at consolidation lows.
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(Analysis Based on 1 hour chart)
Observations
1. Long term bearish channel
2. Short term bullish channel
3. Short term bearish channel
4. Consolidation
5. Descending triangle
NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell breakout after retest at consolidation lows.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
