Hey guys , we have some bullish momentum yesterday , but as you can see price is correcting to the downside ( down trend ) so nothing is changed and this bullish impulse is nothing still.... If price wants to respect trend line and overal down trend it will probably correct next week and drop , eur usd will go Long for longer term soon , but sell short term could be very nice as well At the moment its important to stay neutral and focus on how price action will form next week... Hope you all having a great week!
Short trerm sell with corrective price action
I would put entry order for Broker to enter position for me at the break of the mini pattern with 35 pips SL or depends on price action at that moment
For continuation pattern after impulse ( flat/descneding bullish flag ) i would take in on double bottom or third touch with 30 SL as example
Do not marry your bias , stay neutral and let the Market shows its hand!
I would put entry order for Broker to enter position for me at the break of the mini pattern with 35 pips SL or depends on price action at that moment
For continuation pattern after impulse ( flat/descneding bullish flag ) i would take in on double bottom or third touch with 30 SL as example
Do not marry your bias , stay neutral and let the Market shows its hand!