EUR/USD Short setup Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 27, 2021 10:12 AM

EUR/USD just broke the short term up trend (wage pattern) and closed below in h4 time frame so I will expect more down side. Next support level will be 1.2050-1.2060 area.

Trend Analysis Chart Patterns

Comments

kitaleyangu

⋅ Jan 27, 2021 10:20 AM

or it's a text book fake out

shahicm072

⋅ Jan 27, 2021 10:31 AM

@kitaleyangu, maybe, for the fake out confirmation we have to wait for closing of h4 candlestick. presently we have seeing is believing situation