This week we are looking at some trading opportunities revolving the EUR/USD 4Hr chart based on price pattern spotted thru the geometric trading method . As seen in the chart below, this type of formation most often signals market 'Bearishness' upon completion of it.

Good day Traders, this week we are looking at some trading opportunities revolving the EUR/USD 4Hr chart based on price pattern spotted thru the geometric trading method . As seen in the chart below, this type of formation most often signals market ‘Bearishness’ upon completion of it.

EURUSD

At the moment, prices seemed to have just touched the Prize Reversal Zone (PRZ) marked by the colored rectangular. The PRZ zone was also the TP for the D point if you were trading anywhere from C to D. Since prices has begun to move downwards, we are looking for some selling opportunities from below the 1.1540 area aiming at the probable 1.1230 level as the potential TP. However, if you are a conservative trader, you could consider a probable entry at a much lower level like the 1.1440 for example while aiming at much lesser pips for profit with your TP at the 1.1290 level.


Happy Pipping !

Thank you.

P.S In order to learn more on ways to analyze the markets using the Geometric Trading method, Seputar has partnered with MaktabFX (website still under construction) to offer you Free FX Educational Videos/ Tutorials whether you are beginner or an experienced trader.