Selling climax on EURUSD. A minor correction higher is likely
Selling climax on EURUSD. A minor correction higher is likely here. Tested April 2017 gap and bounce.
Note
Consolidation on 4H chart suggest a measure move to 1.08175 likely.Trade closed manually
Stop raised to 1.07828. Too much selling pressure. Will have to trade lower for better buy signal bar.Trade closed: target reached
Closeout the position measure move target reached and the breakout signal bar on the 4H chart isn't that strong. I think it will pull back before going much higher. The pair is still in a bear trend. So any reversal up is minor until a more substantial bottom in the form of a trading range is put in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.