TraderNeoh

EURUSD Trade Idea

FX:EURUSD   Euro / U.S. Dollar
In yesterday's analysis, I expected EU to reject the bottom band of the Flag pattern with further bearish continuation towards the 1.2030 minor support zone , which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. If the bearish momentum remains strong, we could expect further sell-off towards the launch zone of the flag pattern (1.1960 area). However, if there's any sudden strong bullish momentum pushing price above the short-term to medium-term EMAs (18 & 50ema), that'd invalidate the short setup.

The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market.

Trade safe.

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Comments

BINGO
+1 Reply
TraderNeoh GRiZZLYHussle
@GRiZZLYHussle, Hahaha. Cheers buddy!
Reply
Most possible scenario right now. Keep up the work, Neoh!
+1 Reply
TraderNeoh profitalztrading
Reply
Nice analysis.
+1 Reply
TraderNeoh World_Open_Forex
Reply
Hi friend. hope eu will break the rigid bound phase. Technical analysis, Support resistance and price action are good tools for better forecasting. Nice analysis and have a nice day. Thanks
+1 Reply
TraderNeoh AkhtarBhatti
@AkhtarBhatti, My pleasure!
Reply
thanks for sharing, here's my view on EURUSD:
Reply
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