EURUSD, week 3's bear to week 4?
EURUSD made a good drop in the whole week of week 3. Congrats to all traders who shorted this pair, its a good trade with very little consolidation in between and the movement is kind of expected as well.
For week 3, I did not participate in the movement, even though our analysis in week 2 favored shorting for week 3. Looking at our week 3 analysis, it seems that the bearish movement is coming to an end. From the chart, we can see that it successfully broke the low of bearish level 2 zone. Which means all we need to do is to wait for a price pattern and reversal candlestick combination to enter long on EURUSD.
Not a lot to debate about regarding the movement for EURUSD on week 3, I can only say that it made a lot of traders good profits as the move should be expected by most traders in the market.
I hope all traders continue to make good profits in week 4!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
For week 3, I did not participate in the movement, even though our analysis in week 2 favored shorting for week 3. Looking at our week 3 analysis, it seems that the bearish movement is coming to an end. From the chart, we can see that it successfully broke the low of bearish level 2 zone. Which means all we need to do is to wait for a price pattern and reversal candlestick combination to enter long on EURUSD.
Not a lot to debate about regarding the movement for EURUSD on week 3, I can only say that it made a lot of traders good profits as the move should be expected by most traders in the market.
I hope all traders continue to make good profits in week 4!
If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
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