Thoughts on EURUSD (Bearish possibility)
Hello again!
From my point of view, there could be 2 possibilities for the eurusd to enter in a short position. I mostly see EURUSD bearish. The best scenario is option 2 as there was a big consolidation and it made a rectangle pattern with a fake breakout. There's also a bullish trendline that was broken these week.
If the market goes up but shows one indecision candlestick, I would recommend a bearish position on 1.02344. But if the market goes downwards, breaks the support and retest it within 2 closed candlesticks below the support, I would consider to enter a bearish position on 1.01230.
We just have to be patient. Past weeks I haven't really trade as the markets are moving kind of sideways and I haven't seen any clear harmonic or chartism patterns.
From my point of view, there could be 2 possibilities for the eurusd to enter in a short position. I mostly see EURUSD bearish. The best scenario is option 2 as there was a big consolidation and it made a rectangle pattern with a fake breakout. There's also a bullish trendline that was broken these week.
If the market goes up but shows one indecision candlestick, I would recommend a bearish position on 1.02344. But if the market goes downwards, breaks the support and retest it within 2 closed candlesticks below the support, I would consider to enter a bearish position on 1.01230.
We just have to be patient. Past weeks I haven't really trade as the markets are moving kind of sideways and I haven't seen any clear harmonic or chartism patterns.
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