Stink

EURUSD - Retest of the Top or Time to Drop?

FX:EURUSD   欧元/美元
Price has had a recent surge up to Daily Highs and looking at the daily time frame you will see the huge wick that was formed on the Daily close yesterday.

Price has been moving in this descending channel for weeks and respecting the trend line . the last couple of days has been the first real break, is this a fake out, surge for liquidity or is this change of trend.

For me I want to see a clear break below the trend line and a clear rejection before taking any shorts. We did have what looked like a break and retest only for price to crawl back higher. There was some confluence when price came close to the 0.618 fib and then moved higher.

Currently we are in a channel between the bottom of a 4hr wick zone and the top of a 1hr wick zone. If we break above and reject the 1hr zone we could see a retest of highs around the 1.18400 area which would give the ideal place to short if we get the right rejection / exhaustion from this area.

Time to sit and watch and see if there can be more confluence added rather than just rejection.
评论:
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出