Looking to SELL a POTENTIAL PULLBACK on EUR/USD
EUR/USD has just broken through a MAJOR 4 Hour Resistance (blue line on the chart).
The last 4-hour candle was a doji which signifies indecision and a potential reversal point.
I will be watching the 5 & 15 minute charts for a close below the low of the 4 hour candle (bottom purple line on the chart) to short down to the 4 Hour Resistance (now turned support). If a candle on the 5 & 15 minute charts closes above the high (top purple line on the chart), I will be looking to go long.
LET ME KNOW WHAT YOU GUYS ARE THINKING ABOUT EUR/USD IN THE COMMENTS SECTION BELOW!
The last 4-hour candle was a doji which signifies indecision and a potential reversal point.
I will be watching the 5 & 15 minute charts for a close below the low of the 4 hour candle (bottom purple line on the chart) to short down to the 4 Hour Resistance (now turned support). If a candle on the 5 & 15 minute charts closes above the high (top purple line on the chart), I will be looking to go long.
LET ME KNOW WHAT YOU GUYS ARE THINKING ABOUT EUR/USD IN THE COMMENTS SECTION BELOW!
Kommentera:
Went a little beyond my stop loss but it went the correct direction after all. Looks like I need to work on my stop losses a bit. :)