Based on our previous analysis, EURUSD TP1 has been hit and we were so close to hit our TP2.
EURUSD has broken down from the neckline and have retested it, forming a bearish pinbar on H4, signalling further bearish pressure. Along with Trump's rumored lowered tariffs against China, this may cause the dollar to potentially rally and sending EURUSD downwards towards our TPs. We can look for reentry.
TPs are as followed:
Please do not risk more than 1% per trade.
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
EURUSD has broken down from the neckline and have retested it, forming a bearish pinbar on H4, signalling further bearish pressure. Along with Trump's rumored lowered tariffs against China, this may cause the dollar to potentially rally and sending EURUSD downwards towards our TPs. We can look for reentry.
TPs are as followed:
Please do not risk more than 1% per trade.
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Trade active
TP1 and TP2 hit! Congrats Traders!
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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.