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ForexTrendline
Nov 12, 2021 5:20 AM

Correction before the next drop Short

EURO / U.S. DOLLARICE

Description

The downfall on EURUSD continues and it looks like it will break below 1,1400. However, before that we should see a correction.
This means a possible re-test of 1,1500 and potential entries.

Once we see price back to 1,1500 and leaving long wicks to the upside, that will be a good short opportunity with targets below 1,1400.

The shortest SL remains above 1,1574.

I wouldn’t recommend any long positions back to 1,1500!
Comments
graphbullS
Superb
ForexTrendline
@graphbullS, thanks!
kimstandgraph
Amazing
ForexTrendline
@kimstandgraph, thanks a lot!
Synco001
I reckon you haven’t got in on any trade for weeks. And price has been moving heavily
ForexTrendline
@Pablokalaku, we're not trading EURUSD only. We have a lot more on our watchlist, that's just what we share here on TradingView
KlejdiCuni
I agree with you
jojofang0901
interesting, lets see how this week develops thx
financialflagship
Strong analysis, keep up the good work. 🙌
ForexTrendline
@financialflagship, thanks buddy!
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