🔸Hello traders, let's review the 4 hour chart for EURUSD today. Noteworthy compression into the wedge structure in progress, we got a sequence of higher highs and lower lows. overall bullish chart, however expecting pullback from overhead resistance.
🔸Short-term expecting more gains to re-test and print a new higher high at/near 1080. bulls maintain short-term control, however bears will likely take over from overhead resistance near 1080 later.
🔸Recommended strategy for EURUSD bears: wait for the final pump and re-short from overhead resistance near 1080. fixed SL 40 pips. TP1 +150 pips TP2 +250 pips. final exit / bears is 0830/0840. swing trade setup, will take more time. good luck!
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I m long from 1.0850 and still holding, but not I take also your view into consideration