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Jan 13, 2021 8:28 PM

EUR-USD Scenario Breakdown. Decision point! Short

Euro Fx/U.S. DollarFXCM

Description


Hello, Traders!
EUR-USD is trading in a decision area
After falling out of the smaller rising channel
And failing to go up from there
The pair does not look very bullish at the moment
So I am 55% bearish biased vs 45% bullish biased
IF we see a breakout on EUR-USD below support
That will be a confirmation of the mid term bearish narrative
And continuation of the correction of Euro
With the target being the structural support
While the long target would be the local ATH
Bearish bias
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Comment

First target reached!
Comments
CollegeofPips
Nice and clear trading idea.
Dave-FX-Hunter
I would love to see up and than down
TheSignalyst
I am more into the bearish one. How about you?
TopTradingSignals
@TheSignalyst, yeah, me too! thats why I posted this one as a short!
cManiac
Agree
TopTradingSignals
@Flleshi, thanks!
PuraVida74
why 6h timeframe ?
TopTradingSignals
@PuraVida74, thats just the one I use
TopTradingSignals
What do you think?
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