Following a very bearish daily candle, we have a potential short for EURUSD should it break the trendline on the 4h chart.
If it does, then the next resistance is at the recent daily low around 1.13.
So supposing that it does break and move downwards, we may see another move back to 1.13, followed by further movement to 1.122xx.
Do your due diligence, best of luck.
-Osbetel
If it does, then the next resistance is at the recent daily low around 1.13.
So supposing that it does break and move downwards, we may see another move back to 1.13, followed by further movement to 1.122xx.
Do your due diligence, best of luck.
-Osbetel
Trade closed: target reached:
EURUSD has made a new low. I'm taking profits around here.
Pay attention to price action at the lower trendline! If it breaks, we may see the beginning of a longer term movement towards 1.10 - 1.08. Otherwise, it would be a good place to look for long entries.
-Osbetel
Pay attention to price action at the lower trendline! If it breaks, we may see the beginning of a longer term movement towards 1.10 - 1.08. Otherwise, it would be a good place to look for long entries.
-Osbetel