Approaching Monthly support for EURUSD

6 Ağu 2018

Here you see we are coming out of a zone of consolidation after failing to stay above the 50% retracement of weekly levels, have a H&S pattern on the weekly as well, 4H, D, W MA'S crossover for bearish sentiment and acting as resistance on 4H as we approach this monthly support. I am looking for a retest of the blue zone for a clean entry with a great risk to reward ratio reaching just before the monthly support, I believe this will be broken because of how structure looks on the monthly and weekly. Multiple time frame analysis shows bearish sentiment. Lets see if this plays out.

12 Ağu 2018

İşlem kapandı: hedefe ulaştı

Target reached =D

Close for profits. Enjoy your pips!