EURUSD: Two Trend Following Trading Plans 🇪🇺🇺🇸
Updated
Hey traders.
Even though this week was quite bullish for EURUSD,
I want to remind you that from the beginning of the year the pair is trading in a strong bearish trend.
Recently the price reached a strong weekly structure support and from that, we see a pullback.
Here are two options for you to catch the next trend-following move.
- You can look for a breakout trade.
Consider 1.113 - 1.12 structure support and sell its bearish breakout.
A breakout will trigger a strong bearish wave to lower structure levels. - Consider a major falling trend lien on a 3 days chart.
Patiently wait for its test and then look for a confirmation to short.
I am very bearish on the pair and for that reason, I only look for shorting.
Good luck next week!
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