7pasos
Short

One of those pullbacks that can be sold as impulse

FX:EURUSD   Euro Fx/U.S. Dollar
365 2 2
Here we have a interesting conjunture, where the retrace of the last upside impulse could be interpreted as a restart of the downtrend by a good part of the traders, because of the extended previous decline, even if it ends to be just a pullback.

Our objective is the base channel in convergence with the 61.8% that will be the most common retracement if turns to be an upside impulse from the 1.2741 minimum.

The trick here is to wait to see a early candle reversal like a dark cloud cover, thats why is important to make shure the today price close below the reference in the chart.
7pasos PRO
3 years ago
As it did not was trigged no loss therefore, lets close the signal
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