Euro / U.S. DollarShort
Sell Opportunity on EURUSD
Looking at EurUsd, we could be seeing a potential sell setup forming. Price has created bearish market structure for the past couple months now, and I'm looking to capitalize on a short-term movement.
Scoping into the 4H, I've identified a horizontal level that seems to be of interest. Price has broken and retraced back to the level to test as resistance.
Looking into the hourly timeframe, I've also identified a minor horizontal zone to trigger if significant rejection is present from the major level. If we could get a break and retest of this minor H1 horizontal zone, I'll be looking for sells.
Scoping into the 4H, I've identified a horizontal level that seems to be of interest. Price has broken and retraced back to the level to test as resistance.
Looking into the hourly timeframe, I've also identified a minor horizontal zone to trigger if significant rejection is present from the major level. If we could get a break and retest of this minor H1 horizontal zone, I'll be looking for sells.
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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.