Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 19 - 05:55 AM

EUR/USD's Hammer Candle And Bear Trap Under A Fibo A Warning

By Martin Miller  —  Jan 19 - 03:36 AM
  • Small hammer on Monday's candle is a warning sign of a larger recovery

  • Hammer: a small real body near high, small upper shadow, long lower tail

  • That warning has been amplified by the bear trap left under the 1.2064 Fibo

  • 1.2064 Fibo -- 38.2% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise

  • A bear trap is set when a market breaks below a level but then reverses

  • EUR/USD Trader TGM2334. Previous update nL1N2JT110

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!