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jojofang0901
Oct 13, 2020 9:23 PM

EURUSD Look for continuation sell corrections  Short

EUR/USDOANDA

Description


Hi everyone:

Looking at EU for more downside movement.

Price was in this overall ascending channel structure, correcting the price.

Latest price shows a strong bearish breakout from this correction, can be the first sign of bearish momentum resuming.

I would wait for a LTF correction to develop and complete to give me the positive confluence to enter a short sell down to the previous lows.

Thank you

Comment

Waiting for more development on the correction structure to confirm.

Comment

Comments
Rev_Daily_Traders
I agree mate, most traders are looking for buy. Let's hope we not wrong.thanks for sharing
jojofang0901
@Rev_Daily_Traders, Lets be patient and wait for price action to develop more :)
Dave-FX-Hunter
what you thing about my view?



banks still holds big longs
jojofang0901
@DaweFXHunter, Possible to go higher, personally I am waiting for more development here to confirm my bias of a short. If structures dont form then no trade for me. thx
Fisher_Fx
great set up, breaking down the pattern. thanks man
jojofang0901
@Fisher_Fx, no problem :)
Alexander_Harford
well don on this one
jojofang0901
@Alexander_Harford, thank you sir
InkyGrip
I agree with you
jojofang0901
@plancton0618, thx bud
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