jharlinzl

EUR USD Next Movements, Bearish Trend? H4 and 1D

FX:EURUSD   Euro / U.S. Dollar
Good evening people I hope you are well, I put you in context on Sunday (yesterday) many people debated the possibility that the EURUSD would finally be bearish or if it would continue if the main uptrend.

In this context, I personally am more of riding the wave than going against it, with this analogy I mean that I always recommend to my followers and students that it is always a better option to operate in favor of the trend, in case See exhausted it is better to wait for that exhaustion to turn into a breakout.


Let's move on to the analysis

Temporality of 1 Day

1- In this period the upward trend mentioned above is clearly appreciated, this trend has never been broken and it seems that it is consolidating at the levels above but until a clear break is not seen in this period, it is not a good option to opt for sales!

Temporality of 4 Hours

1-In this temporality it seemed that it could become bearish due to a few bearish impulses that occurred, impulses which at no time broke structures were simply giving setbacks to give new impulses in this case bullish .

2-This was what I highlighted in those debates that I mentioned at the beginning many people saw large bearish candles and were excited starting to sell, these candles were to capture a few sales because they already know that those who buy do not win if those who sell do not lose so this works.

3-For this reason we already have a purchase that has given a profit of about 30 PIPS currently

What to expect now

Undoubtedly, the pair being consolidated in 1 Day, the upward movements in H4 are limited but it does not stop being bullish and it is still very likely that it will continue on its way, but if something is true it is that the euro already needs a downward impulse , an impulse which will not arrive until the USD does its part, remember that this pair does literally what the USD wants, not exactly what the EUR wants, we always keep that in mind so as not to make mistakes!

Always before opening an operation, whether in sales or purchases, please check the structure several times in the details is that money is lost!

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