EURUSD failed to keep its gains, bearish movement correction?

EURUSD failed to keep its gains, bearish movement correction?

Queenie Wu                               13 July 2020 (23:00 HK)

EURUSD交易區：考慮支持和阻力：1.13853 – 1.12654 

策略：在關鍵支持和阻力之間波段交易。在較高的timeframe（D1）中看趨勢方向，並使用較低的timeframe（H4）入市。

“US stocks opened higher on Monday, with investors optimistic over the company earnings and economic data, despite the continuing growth of coronavirus cases.

EURUSD failed to keep gains above 1.1349 last night.  What will happen this week? …”

________________________________

看跌走勢:

H4圖表：

TMA通道的頂部回落 (1.13708)，強阻力位。

Supply zone在圖表中以紅色顯示。

第2枝4H圖陰燭形成中。

穿過通道頂再次進入TMA 及ENV通道!

隨機震盪指標Stochastic Oscillator達80以上。

Schaff Indicator已經觸及最高水平預備向下。Bearish reversal很可能發生。

(Technical indicators turned bearish.)

(The current Pivot level is at 1.13395.  )

________________________________

預期方向：DOWN

入市點：賣出1.13534；

TP1: 1.13310  TP2: 1.13112  TP3: 1.12937 

SL: 1.142

Be careful: Notice there may be a change in direction from Asian to London to US session.  If this happens, we have to TP immediately.  Another issue to notice, the movement of EURUSD is correlated to the movement of US stock market.  We have to pay high attention to the direction of US stock market.




H4: EURUSD at the ceiling of Channel. The 2^nd bearish candle is under formation. (14 July 2020)

 
H1: EURUSD reversal from the ceiling of the channel.  (14 July 2020 10:00 am HK)