Free signals and trade journal of ReadyForex - page 7

 

Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about EUR/USD currency pair.

:: EUR/USD ::

Trend is bearish in four hours time frame of EUR/USD currency pair.

Strong key resistance is present at 1.1366 price level. Based on

Elliott wave analysis, price is printing a possible bearish Running

Triangle pattern which looks in-complete. A good idea is to take

a sell trade and join the down trend.

I have also added my Elliott wave count inside price chart.

Below is the EUR/USD 4 hours chart screen shot (image attached).

Files:
eur-usd.png  50 kb
Reason: