EURUSD / 1D
Hello traders, welcome back to another market breakdown.
EURUSD has been trading in a down trend. For the first time this year. Bulls have actually started making a new bullish structure where traders should adapt to and start looking for longs.
The price is trading at a strong resistnace level: the low of the 7 years trading range. Traders will watch closely if bulls can actually claim this level or they will hae a 2 lagged pull-back before trying to break it again.
Checkout the chart for few possible scenarios that I'll be looking for in the next week.
Hello traders, welcome back to another market breakdown.
EURUSD has been trading in a down trend. For the first time this year. Bulls have actually started making a new bullish structure where traders should adapt to and start looking for longs.
The price is trading at a strong resistnace level: the low of the 7 years trading range. Traders will watch closely if bulls can actually claim this level or they will hae a 2 lagged pull-back before trying to break it again.
Checkout the chart for few possible scenarios that I'll be looking for in the next week.
Trade active:
Bearish side is on the run.
Stop should be at Breakeven now/
Stop should be at Breakeven now/
Comment:
Chart update: Still respecting the plan after a deviation (fake out).
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Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
