MY INTRADAY PERSPECTIVE IN EURUSD
As seen on the 4h chart, EURUSD is still on a downward trend (which was initially caused by the spike on US Yields last week). What I see happening is a formation of an M on the 4h chart to continue the bearish movement to form a new Higher Low.
OR price would be retesting yesterday's high. At that point, I'd be expecting bears to be lock and loaded to continue the trend.
TRADE IS VALID IF BEARISHNESS PERSISTS DURING THE US SESSION.
Please trade at your own risk.
As seen on the 4h chart, EURUSD is still on a downward trend (which was initially caused by the spike on US Yields last week). What I see happening is a formation of an M on the 4h chart to continue the bearish movement to form a new Higher Low.
OR price would be retesting yesterday's high. At that point, I'd be expecting bears to be lock and loaded to continue the trend.
TRADE IS VALID IF BEARISHNESS PERSISTS DURING THE US SESSION.
Please trade at your own risk.
Note
Pardon me. I meant to say Lower Low*
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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.
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.