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AmirSoraya
Sep 26, 2022 12:28 PM

EURUSD 2 Legged Upside and then Bear Trend Resumption Short

Euro Fx/U.S. DollarFXCM

Description

As its clear in the chart, price dropped strongly last week.

Odds favor sell climax on last downside move and after climaxes, usually reversals or trading ranges come.

2 bull bars, breakout + follow-through, 60%-70% probability for higher prices at least equal to measured move based on breakout height.

EURUSD may have 2 legged move and breaks the bear trendline, but its totally bearish and any upside movement will be sold by bears.

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