| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Bearish Triangle In EUR/USD 4 hours chart.
Tuesday, August 11, 2015 16:10
% of readers think this story is Fact. Add your two cents.
Trend is bearish in EUR/USD currency pair in 4 hours time frame. Key resistance level is present at 1.1128. Based on Elliott wave analysis, I expect price to stay below 1.1128 resistance level. Current price action offers a sell trading chance to join the down trend. If bullish candlestick closes above 1.1128 resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.
Source: http://www.fxinstructor.com/blog/bearish-triangle-in-eurusd-4-hours-chart
