Currently, EURUSD had that loooong bearish trip without any kind of slowing down during this whole trend. I myself more biased toward seeing a correction before flipping over or continuing the bearish trend again. So wait a little bit before taking any action. when the price reaches either the trendline or the resistance level, I'll update this idea, so keep an eye and stay tuned..
u suggest to continue shorting? I mean, what should we do when it touches that trendline?
BigPippin_
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@LuxuryTradersTM, Yes, a short is being suggested. You are being cautioned to wait for entry i.e. supportive candlestick signaling short, or a close below 110.00 potentially after overshooting. Don't get in too early or you will likely get stopped out. Based on his analysis I believe this is what is being suggested. Just use caution because everyone is looking at the same zone.
UGTraders
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@LuxuryTradersTM, as BigPippin said, you're suggested to wait for prices to show stable behavior under the resistance level to short the market again.