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MMBTtrader
Mar 3, 2021 10:02 AM

EURUSD is going to retest breakout again? Short

Euro Fx/U.S. DollarFXCM

Description

we have breakout in trend line and what we expect is this that market provide huge fall after retest of this breakout

so we can expect market reach our targets :
a.1.2015
b.1.1960

Red path :retest will completed by Blue circle once again and falling scenario will continue and price will fall and targets soon will reach But...

Green path :But if trendline broke once again and retest get complete then we would see completely a bullish market and targets would be
A.1.2170
B.1.2220

here and this strong resistance area is very important and we catch it many times before like :


<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

Trade closed: target reached

+170 pips in two days
sniper (●'◡'●)
Comments
ProSignalsFx
I've got bearish bias on this one, but lets see, thanks for sharing!
MMBTtrader
@MountainTraderFX, we are bearish too and our targets
financialflagship
Great analysis, keep up the good work!👏 It looks like it has some more room to drop. Let's see how it will unfold.
MMBTtrader
@financialflagship, thanks lot
Trader_OMS
nice and I think
MMBTtrader
@Trader_OMS, well done
Serana2324
nice analysis mate
MMBTtrader
@Serana2324, thanks a lot
BigLava
Quality work thank you!
MMBTtrader
@BigLava, most welcome
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