Hello Traders,
EURUSD has been bearish for sometime now and we have seen some retracement (profit taking).
On my chart, you will see the trendline equal lows that was taken out before the bullish move and you will also notice the trendline equal highs that the market went to sweep. Now that the market has taken liquidity (trendline equal highs), we can expect price to continue bearish.
I have marked the area in which I expect price to continue the bearish move from.
Let me know what you think in the comments.
Follow for more.
Cheers.
EURUSD has been bearish for sometime now and we have seen some retracement (profit taking).
On my chart, you will see the trendline equal lows that was taken out before the bullish move and you will also notice the trendline equal highs that the market went to sweep. Now that the market has taken liquidity (trendline equal highs), we can expect price to continue bearish.
I have marked the area in which I expect price to continue the bearish move from.
Let me know what you think in the comments.
Follow for more.
Cheers.