Although EURUSD has been Bearish for the last couple of weeks, signs have emerged to perhaps oppose that. Yesterday, price broke Bearish structure and put in place Bullish structure for the first time since this Bearish push, this signals to me that this could very well be the end off that Bearish trend and the beginning of a Bullish one. I have highlighted two POI's where I believe price could bounce off and continue this new Bullish trend.
Order cancelled
Price has broken the POIs and created a new low. At this point I am no longer interested in looking for longs, instead I will shift my focus back to shorts
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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.