Analysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
the EURUSD tested its trendline resistance and as you can see that it started to fall back down, maybe it will now retest trendline support before deciding what to do next.
I expect the market to test strong resistance trendline support, it's also the 4-hour time frame structure support level before deciding what to do next.
if the market continues down, we can drop one-time frame and watch EURUSD for a bullish reaction and confirmation like reversal patterns or maybe harmonic patterns before entering a buy trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #EURUSD
the EURUSD tested its trendline resistance and as you can see that it started to fall back down, maybe it will now retest trendline support before deciding what to do next.
I expect the market to test strong resistance trendline support, it's also the 4-hour time frame structure support level before deciding what to do next.
if the market continues down, we can drop one-time frame and watch EURUSD for a bullish reaction and confirmation like reversal patterns or maybe harmonic patterns before entering a buy trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
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broke structure support
