ProCFDTrader

EURUSD 4H Chart analysis, pullback is likely

FX:EURUSD   Euro / U.S. Dollar
In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below)
As you can see, price reached 1.19 level yesterday.

However, it reversed from the 1.19 level creating a double top formation. If the bears can maintain their hold on this pair, it is possible to see a short-term pullback back to the 1.18 level and even 1.17.

So, watch for bearish price action in the resistance level and look for sells if you want to make some pips on the pullback move.

Trade active: Sold at 1.1907
Comment: 65 pips profit!
✔️▶️𝗙𝗿𝗲𝗲 𝗙𝗼𝗿𝗲𝘅 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 (𝟭𝟱𝟬𝟬+𝗽𝗶𝗽𝘀 𝗽𝗲𝗿 𝗺𝗼𝗻𝘁𝗵) ▶ https://t.me/ProCFDTrading
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Comments

Good analysis. This is my idea
+2 Reply
ProCFDTrader AnumShabbir
@AnumShabbir, Nice idea. Thanks
Reply
Great stuff! I got in a t 1.19 and sold down as well before the retrace up. 1.1900 area is a good sell area but with short stop loss considering we still have bull strength. But definitely expecting a retrace in the next month.
Reply
Great analysis!!! Thanks for sharing!!!
Reply
ProCFDTrader JuanCruzMontes
@JuanCruzMontes, Glad that you find it useful
Reply
Thank you.
Reply
ProCFDTrader FionaPillay01
@FionaPillay01, You are welcome
Reply
Good analysis. Will be monitoring closely. Thanks.
Reply
@kcp894fx, Yes. I will be looking at this as well
Reply
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