Two days of gain from Oct 27 and a big rally on the 28th that made a
weekly high got erased in one day, Oct 29th.
Strong Bearish action overnight broke an ascending channel that started
Oct 21th and also broke the weekly low on the 1dtf. I personally thought the uptrend would hold but it invalidated my thesis
earlier in the day (Oct 29)
This price acton shows a bearish week ahead and i would be looking
for a possible sell entry on the pullback
EURUSD
I have tried to breakdown possible entries but these are just my possible entries and not an advice.
Please do your own research and don't enter trades blindly.
Cheers!
weekly high got erased in one day, Oct 29th.
Strong Bearish action overnight broke an ascending channel that started
Oct 21th and also broke the weekly low on the 1dtf. I personally thought the uptrend would hold but it invalidated my thesis
earlier in the day (Oct 29)
This price acton shows a bearish week ahead and i would be looking
for a possible sell entry on the pullback
EURUSD
I have tried to breakdown possible entries but these are just my possible entries and not an advice.
Please do your own research and don't enter trades blindly.
Cheers!
Comment:
1HR BREAKDOWN
Comment:
The importance of also doing your research is to not trade blindly with someone's Idea. This was my earlier thesis of price action for yesterday done on Asia Time which was invalidated.
