Descending Channel on EURUSD Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 18, 2020 8:40 AM

Strong bearish move losing momentum at major structure.
The trading time frame is presenting a descending channel.
Entry on low touch point.
2 to 1 R:R

Good luck in the markets

Chart Patterns

Comments

R_Powell

⋅ Feb 18, 2020 5:26 PM

Looks more like a descending pennant?