EasyCharts

Further Pull Back Before Resumption?

Short
FX:EURUSD   Euro / U.S. Dollar
On the back of some Dollar strength we can see a clear break of structure on the 4H timeframe forming lower highs and lower lows.
I'm still bullish on this pair as the current larger trend remains to the upside, however I do expect a pull back to the highlighted area before a resumption.
This is a key area as it was the 2017 swing high and has not been revisited since breaking above the beginning of last month.

Comments

You might want to zoom out to the higher time frames. ✌🏻
+1 Reply
EasyCharts StewySongs
@StewySongs, Thank you for your comment. What is your view on this pair?
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narjee165 EasyCharts
@EasyCharts, 👍🏾
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FXKing009 StewySongs
@StewySongs, Funny how he was right though
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EasyCharts FXKing009
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Novice here so Grateful for this. what could the conservative entry and exit points be for this, on a short order?
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EasyCharts narjee165
@narjee165 Appreciate the comment. I can’t provide an exact entry unfortunately but look out for bearish price action in and around the highlighted area. Targeting 1.20040 Good luck!
+1 Reply
narjee165 EasyCharts
@EasyCharts, Jeeeez!!! This is clockwork. I followed your analysis and went in these directions with the exact levels - Thanks!
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EasyCharts narjee165
@narjee165, Hope you had/are having a good trade bro
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narjee165 EasyCharts
@EasyCharts, buzzing mate - I will be looking out for more of your predictions. Thanks!!
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