hi traders,
eurusd is due a drop as it has been in a long uptrend since may 2020.
its also created a bearish flag pattern within a higher channel structure
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Price has retraced, great time to enter on 15min TF, nice R:R. Control your emotions guys, let it play out. Worst comes to worst it hits your stop loss. No problemo
EUR/USD ranging with no Dollar or Euro is showing power over the other.
For now, we will not take any trade, we will wait till Monday to see how the market will open.
Good Luck with your tradeswill enjoy the experience to build an efficient community to enhance traders skills.
I Used the TDI RSI confirmation to confirm this bearish trend as it is currently within the sell zone. This is a 2R setup with a 104 pip potential. I can see this swinging to 1.11000 but my current target is 1.11500. The 8 & 21 EMA cross is confirmed on the 15M, 30M, 1H, 4H.
Looking at EURUSD on multiple time frames, Could we see a rejection from this level and a turn to the downside!
- Amateur trader just building my knowledge and analysis techniques
- Not a signal
