It is a bit risky selling opportunity but it is hard to believe that this important trendline doesn't hold at all.
Because it is risky, then we have to wait for a bearish candlestick formation (bearish price action) and it has to come from 4H and from Daily timeframes.
Here could from a pretty nice sell setup but yes, need to watch price action around the blue area
Criteria:
- Fibo levels
- EMA's
- Recent support/resistance levels
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice week,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Because it is risky, then we have to wait for a bearish candlestick formation (bearish price action) and it has to come from 4H and from Daily timeframes.
Here could from a pretty nice sell setup but yes, need to watch price action around the blue area
Criteria:
- Fibo levels
- EMA's
- Recent support/resistance levels
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice week,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Another opportunity may come tomorrow after today's candle close below the trendline. If the EUR news moves the market downwards then we might get even on intraday that signal (from 4H timeframe confirmation below the trendline) but let's see be patient!!