We have to wait for the 1.19800 area for our next trading opportunity.
As we can see EU is currently in a downward trend making lower lows and lower highs and recently it broke 1.19800 which was a strong support area.
We can look for shorting around this area on lower timeframes after confirmation by targeting the 1.17000 level.
👇 Follow for more daily forex content and education 💪
Good luck to you!
Don't forget to like and share, it really helps.
Stay tuned.
This is just an idea, not financial advice.
As we can see EU is currently in a downward trend making lower lows and lower highs and recently it broke 1.19800 which was a strong support area.
We can look for shorting around this area on lower timeframes after confirmation by targeting the 1.17000 level.
👇 Follow for more daily forex content and education 💪
Good luck to you!
Don't forget to like and share, it really helps.
Stay tuned.
This is just an idea, not financial advice.
Trade closed manually
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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.
Related publications
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.