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Beanissthefunnytrader

EURUSD H4 - 12/05/2022

Short
Euro / U.S. Dollar (FX:EURUSD)  
Beanissthefunnytrader  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Candlestick Analysis Flag trendanalysys Trend Line Break priceaction trianglebreak trianglepattren supplyandemandzones FLAG Forex forexsignals
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supportandresistance candlestick flagpattern trendanalysys trendlinebreak priceaction trianglebreak trianglepattren supplyandemandzones flag forex forexsignals
1.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag, indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break.

Remember to trade systematically
Cheers.
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