Hi everyone:
Also looking good for potential reversal is EURUSD.
Here we see price formed an ascending channel within the larger parallels channel, then price pushed down to show us some LTF bearish momentum.
Since price is still within the channel, waiting for extra confirmation with a continuation correction on the LTF would be ideal.
Alternatively, if price bounce up from the bottom of the channel, then look for a reversal from the top.
Thank you
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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.