EUR/USD has formed a descending channel on the 4-hour timeframe, characterized by lower lows and lower highs following a strong breakout.
currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level.
Once price has reached this level we will scale down to the lower timeframe of 30 mins to find our entry based on candlesticks patterns
currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level.
Once price has reached this level we will scale down to the lower timeframe of 30 mins to find our entry based on candlesticks patterns
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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.
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.