Euro / U.S. Dollar
Short

Higher Timeframe Ice Zone - Lower Timeframe Double Top

506
After a pretty rough end to the week the EURUSD has rallied up into an Ice Zone - Which is a previous price level that has acted as both support and resistance in the recent past.

As we venture down to the lower timeframe we'll see that price action has also formed a double top level at that pattern which is a classic price pattern for a bearish reversal.

If you're looking for a more conservative entry then waiting for a 2618 opportunity could be something you do as well.

Please leave any questions or comments below & be sure to give me a follow if you want to be notified of my trading ideas.

Akil

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.