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Mo_Rashid
Jun 6, 2020 8:23 PM

clear signs of longs on the EURUSD.  Long

Euro Fx/U.S. DollarFXCM

Description

It formed an inverse Head and shoulders(daily time frame) forcing it to break the resistance(weekly upper trend line). this is evident as it formed the opposite on the USDCAD analysis i did. High probability of longs to resistance (yellow zone drawn on the chart). on the 1hr time frame it is touching the rising trendline which also turns out as support. Many confirmations leading to my long position
Comments
KristenDuberge
Good idea
RMTradingfx
I believe we will see price go short for a retracement before looking at longs;

Mo_Rashid
@RMTradingfx, yes seems likely if it breaks the trendline and also the resistance zone . 🙏
amorri11
I think it will continue to short until the top of the channel.
Mo_Rashid
@amorri11, kindly explain further why you are thinking of shorting.
Thegentelman
Decent idea mate
Mo_Rashid
@Thegentelman, 👍👍 thanks bro
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