eurusd 8hours shifts to BEAR mode short below 0900
Updated
🔸Hello traders, let's review the 8 hour chart for EURUSD today. Outlook shifts to BEAR
mode currently, since bulls were unable to push hard after hitting 0900, right now
distribution in tight range 0900-1000.
🔸Short-term expecting more range-locked price action within the flag pattern structure,
position traders should stay on sidelines and wait before short selling after break down
of the recent range. Outlook adjusted to BEAR MODE, because we got a clean 3 drives
pattern and price dumped after the third drive and bulls failed to recover.
🔸Recommended strategy for EURUSD bears: wait for price to break below 0900 on 4 hour
chart and short sell, fixed SL at 1000 and TP1 set at 0750 TP2 set at 0500. this is a swing
trade setup, patience required. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
mode currently, since bulls were unable to push hard after hitting 0900, right now
distribution in tight range 0900-1000.
🔸Short-term expecting more range-locked price action within the flag pattern structure,
position traders should stay on sidelines and wait before short selling after break down
of the recent range. Outlook adjusted to BEAR MODE, because we got a clean 3 drives
pattern and price dumped after the third drive and bulls failed to recover.
🔸Recommended strategy for EURUSD bears: wait for price to break below 0900 on 4 hour
chart and short sell, fixed SL at 1000 and TP1 set at 0750 TP2 set at 0500. this is a swing
trade setup, patience required. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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