AlbashafFX | Violated Double Bottom Setup, Short !
The Price move exactly as we expected from our last analysis (Link Below).
The Price melt into our target, and the Bulls expect Double Bottom Setup as a comeback.
Unfortunately for them, a Bearish Bar broke the Termination Zone with Body Closed below our Zone,
Violating our Double Bottom Setup.
This makes our sentiment on Eur/USD pairs still Bearish.
Our mostlikely Scenario are the price to go lower reaching our Lower Trend Line and break it with a Big Fat Bearish Candle, after that the Price will have some pulback, retesting our Trend Line before Continuing lower.
Becareful of today NFP Report, I Strongly believe there will be False Breakout to the upside.
An Early Entry can be placed in our Termination Zone with Stop just above it, or we can wait untill the Break of our Lower Trendline an get in at the Retest.
Stay Safe, Stay Green Brother,
The Price melt into our target, and the Bulls expect Double Bottom Setup as a comeback.
Unfortunately for them, a Bearish Bar broke the Termination Zone with Body Closed below our Zone,
Violating our Double Bottom Setup.
This makes our sentiment on Eur/USD pairs still Bearish.
Our mostlikely Scenario are the price to go lower reaching our Lower Trend Line and break it with a Big Fat Bearish Candle, after that the Price will have some pulback, retesting our Trend Line before Continuing lower.
Becareful of today NFP Report, I Strongly believe there will be False Breakout to the upside.
An Early Entry can be placed in our Termination Zone with Stop just above it, or we can wait untill the Break of our Lower Trendline an get in at the Retest.
Stay Safe, Stay Green Brother,
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