MMBTtrader

EURUSD created bull trap and falling again ?

Short
FX:EURUSD   Euro / U.S. Dollar
As we can see break out on major resistance was not successful last time and created bull trap (fake breakout) and it shows that EURUSD is still weak and not able to reach 1.23 or ... once again for now.

Red path: we expect that this path continues and our targets hit
Targets:
a.1.2085
b.1.2025

Green path:
that fake breakout or bull trap show one more thing here too, what??
that EURUSD has the power to break this resistance too and if if the resistance break once again and retest completed then we have different scenario as I shown here

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

Black path: previous analysis that is 🔽
Trade closed: target reached: first target reached

hope you gain a lot 🤑
+80 pips profit
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Comments

nice ideas as always
+2 Reply
MMBTtrader Babenski
@Babenski, thanks a lot
Reply
hi i want to use this as educational post is it ok MMB?
+1 Reply
MMBTtrader otaku-trader
@otaku-trader, hi

you can

its yours(my members ) to use and learn and enjoy
Reply
First target reached! BOOM!
+1 Reply
EmilyGwen48 ProSignalsFx
Reply
Seems like a good time to enter
+1 Reply
@abel11, yup

thanks bro
Reply
@abel11 of course
Reply
agree with your outlook. also expecting weakness going forward.
+1 Reply
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