EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸 Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 29, 2023 9:22 AM

EURUSD is trading in a long-term bearish trend.

After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.

Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.

A bearish continuation will be anticipated then to 1.051 / 1.047

❤️Please, support my work with like, thank you!❤️

Comment

⋅ Oct 30, 2023 8:45 AM

We see a breakout attempt of the support of the flag.
Remember that we need a daily candle close below that to confirm a breakout

Comments

daihoangminh16

⋅ Oct 30, 2023 2:21 PM

Sell?

VasilyTrader

⋅ Oct 29, 2023 9:23 AM

Wait for a bearish breakout of the support of the flag,
it will be your strong bearish confirmation next week.