EURUSD has broken its bearish cycle and we are about to head into a strong general Bullish Trend.
As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the upside, breaking through the trend, so a correction or retracement is imminent with the descending triangle acting as the pattern confirmation on the 4H.
The Formation of the BEARISH Triangle on the 4H timeframe shows the incoming of a Bearish short-time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
I will wait for a break and retest of price on the triangle to the downside to get into my sell come next week.
As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the upside, breaking through the trend, so a correction or retracement is imminent with the descending triangle acting as the pattern confirmation on the 4H.
The Formation of the BEARISH Triangle on the 4H timeframe shows the incoming of a Bearish short-time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
I will wait for a break and retest of price on the triangle to the downside to get into my sell come next week.