Shaq-FX

[UPDATE] Trade from June 10th 2021

FX:EURUSD   Euro / U.S. Dollar
It took at least one day until it finally goes bearish. We could see the rising buying power in the USD as early as European session, and continued by the US session. Sign of the bearing move was supported by the idea that it is in fact in a downtrend move making lower highs and lows, and not to mention the weekly chart's price action signs. We could expect next week to be also bearish as the EU might visit the 1.20~ area. Though it hasn't touched the take profit area, I closed my tradeas where it is now. A good 1:2 rate ratio plan was successful.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.