EURUSD 4h cart review
Updated
Hi everyone
EURUSD is moving into an ascending wedge in shorter time frames but
moving into the descending channel in longer charts. so...
if the price close below the wedge and 1.128 support level we can have short position
with the targets on the chart. if not and broke the main descending channel and 1.139
resistant level then long strategy with targets on the chart is on the table.
price is below ichi cloud and 200ma. also MACD is negative. so from indicator aspect
all signs indicate for more drop but lets see
Enjoy the market
EURUSD is moving into an ascending wedge in shorter time frames but
moving into the descending channel in longer charts. so...
if the price close below the wedge and 1.128 support level we can have short position
with the targets on the chart. if not and broke the main descending channel and 1.139
resistant level then long strategy with targets on the chart is on the table.
price is below ichi cloud and 200ma. also MACD is negative. so from indicator aspect
all signs indicate for more drop but lets see
Enjoy the market
Trade active
almost hit the first target
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