BluetonaFX - EURUSD Potential Trendline Break Opportunity
Hi Traders!
We have a potential trendline break opportunity on the EURUSD 1H chart.
The price action is indicating a bearish move due to the lower highs and lower lows. The market is also below our 20-day EMA.
The confirmation for entry will be a trendline break and a close below the trendline to target 1.09746. If we get this, we must stay below our 20 EMA; if we break above the 20 EMA, then the bearish bias may change.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
We have a potential trendline break opportunity on the EURUSD 1H chart.
The price action is indicating a bearish move due to the lower highs and lower lows. The market is also below our 20-day EMA.
The confirmation for entry will be a trendline break and a close below the trendline to target 1.09746. If we get this, we must stay below our 20 EMA; if we break above the 20 EMA, then the bearish bias may change.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
Comment:
Trendline broken, there was a small squeeze up to our 20 EMA but still closed below. Bearish momentum in the market after the trendline break to take us to our 1.09746 target.