EURUSD for a slight BEARISH RALLY to 1.1000: weekly, daily, 1hr

2019-11-21 17:37:53

https://www.tradingview.com/x/GdJN6SBG/https://www.tradingview.com/x/jAWwx22B/https://www.tradingview.com/x/VZY3mTgt/


EURUSD Thesis

- Weekly: EU market structure is still bearish. Huge bearish engulfing candle broke below 1.1086 daily zone signalling huge sell momentum.

- Daily: Price has come back to retest 1.1086 as resistance after a break below. Also in confluence as a restest of double top reversal pattern neckline. Next possible target 1.0950.

- 1hr/4hr: Now i am just waiting for one more drive up into 1.1086 for one more test before looking for good price action to sell EU.