EURUSD fell quite strongly on Friday' and break its support and form a new low .
In the previous movement the price declined after touching the resistance area.
Then the price broke through its up-trendline and formed a lower low.
We can expect the price to make some correction first before another downside movement.
sell can be done after the price breaks the correction area and targeting the next support/yellow line.
In the previous movement the price declined after touching the resistance area.
Then the price broke through its up-trendline and formed a lower low.
We can expect the price to make some correction first before another downside movement.
sell can be done after the price breaks the correction area and targeting the next support/yellow line.
Trade closed: target reached
Patternception
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channel : t.me/patternception
instagram : @patternception
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.