swissmoneymakers

EURUSD - First Pullback, Than Down-Trend-Continuation

Long
FX:EURUSD   Euro / U.S. Dollar
Hi Traders!

The market is in a Downtrend.

The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.

Here are some indications which supports our view:

- Up-Movement from here:
  • Bullish Divergence
  • Market didn't make any dynamic Pullback since the last Top
  • H1-Trendline offers itself as an Entry Trigger


    -Down-Movement after Orange Box:
  • Daily Trendline
  • H4-Resistance
  • 38.2% Fib' Retracement


If you have any kind of question or a different point of view, feel free to comment!



Thanks and successful Trading :-)!

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