eurusd
euro / u.s dollar
price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price.
price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600.
price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish.
i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600
SUPPLY AND DEMAND
put together by : Pako Phutietsile, Tumelo Mokgosi as @alentrah
presented by : @currencynerd
courtesy of : @TradingView
Believe in yourself! ...
euro / u.s dollar
price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price.
price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600.
price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish.
i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600
SUPPLY AND DEMAND
put together by : Pako Phutietsile, Tumelo Mokgosi as @alentrah
presented by : @currencynerd
courtesy of : @TradingView
Believe in yourself! ...
Trade active:
bearish momentum still very in control ending this trading week @ -0.47% in our favor. overall target was 180pips and only 80 pips to our target
Trade active:
re-entry on retest of liquidity pool
