DeGRAM | EURUSD consolidation continues Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 18, 2023 8:40 AM

EURUSD broke out of the ascending channel, and it is testing the resistance zone and dynamic resistance (trendline).

The market overall is consolidating because, price action is printing HHs and LLs, indicating indecision in the market.

If price action rejects the resistance level of consolidation, we can look for a potential sell trade.

We expect a bearish move.

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Comments

Solfi

⋅ Jan 18, 2023 9:19 AM

The imbalance nature of the market is looking good and interesting at the sametime, well i'm holding the bullish should break the level. thanks for the powerful analysis

DeGRAM

⋅ Jan 18, 2023 8:45 AM

Good luck in the markets and have a great one!

InvestingScope

⋅ Jan 19, 2023 9:06 AM

Good look at the market. We are posting ours for comparison purposes:

okere80

⋅ Jan 19, 2023 7:32 AM

I love this. Thank you

basictradingtv

⋅ Jan 18, 2023 1:17 PM

Excellent work buddy, thanks!