Hello traders:
As I have a bias for USD strength for up coming weeks, I do pay close attention on EURUSD for potential sell opportunities.
We see price has hit a potential higher time frame double tops, and has been slowing down now.
Currently its in this larger parallel structure, and correctively moving within this ascending channel.
Overall the price action and structure is giving good signs for a reversal short sell, and i see 2 ways of entering:
1) wait for price to continue push up within the channel and look for sell at the triple tops area.
2) If price simply breaks out of the channel, then look for lower time frame correction to enter.
Thank you
As I have a bias for USD strength for up coming weeks, I do pay close attention on EURUSD for potential sell opportunities.
We see price has hit a potential higher time frame double tops, and has been slowing down now.
Currently its in this larger parallel structure, and correctively moving within this ascending channel.
Overall the price action and structure is giving good signs for a reversal short sell, and i see 2 ways of entering:
1) wait for price to continue push up within the channel and look for sell at the triple tops area.
2) If price simply breaks out of the channel, then look for lower time frame correction to enter.
Thank you
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