Sell Setup In EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
428 7 19
In my previous post in EURUSD             (link on the chart) i described the potential move to the down something that has happened and it looks like it will keep dropping for a big move. For now we can see that price has broken a 4h uptrend and will soon start a correction. Wait for this correction to end and we may sell EURUSD             once again.
I dont think will be a correction .. will be up movement .. like you see the price broke again 1.138 ..now is the confirmation so to see from there is very risky
I didn't say it will be a correction.. i said wait for a correction . We then should have another impulse down.
Nice review. A pull up with bearish price action at the line confirming heavy selling at that level would also seem logical to me for a sell trade. Price had been in an uptrend but a lower high has formed and now the prior higher low has been taken out confirming a lower low. I agree the bulls will probably rally again soon but may be washed out at or near that level before price can continue down to your lowest line on the chart.
+1 Reply
Agree with your outlook on Eurusd. Signs point to short.
Fxprotrader PCTradeKop
Thank you..!
thank you! i also agree with you, and for fundamental reason i also think the Euro need to break down, so need to wait if the market movement will be also agree with us :)
Fxprotrader andreas1
Thank you for your additional info.. Have a nice trading week!
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