EURUSD: Downtrend continuation play
As described in the chart, we have a potentially very bearish outcome for this pair.
I'd suggest waiting for the uptrend timer to expire for entry, but we can short aggressively under the highest low if we so desire.
I'll wait one more day, there's no rush and it's good to be methodical.
Initial target is the 1.06141 level, where we had the highest low in the downtrend. Once that level's taken, we can expect the move to continue to the 1.01-0.9 area.
Good luck traders!
I'd suggest waiting for the uptrend timer to expire for entry, but we can short aggressively under the highest low if we so desire.
I'll wait one more day, there's no rush and it's good to be methodical.
Initial target is the 1.06141 level, where we had the highest low in the downtrend. Once that level's taken, we can expect the move to continue to the 1.01-0.9 area.
Good luck traders!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.