EURUSD MAJOR DIP ??
So as you can see on the monthly time Frame price failed to close about the monthly resistance
first it came up through resistance price came back down in a fake out
last month it got a huge wick back down then this month you see price went up and also getting wicked back down. below the monthly resistance.
So I am bearish this month but also looking to see how price respect the fibonacci retracement on the monthly time Frame also this applies for weekly and daily as well
but I am currently 20pips on a sell trade. so well see stay tuned
first it came up through resistance price came back down in a fake out
last month it got a huge wick back down then this month you see price went up and also getting wicked back down. below the monthly resistance.
So I am bearish this month but also looking to see how price respect the fibonacci retracement on the monthly time Frame also this applies for weekly and daily as well
but I am currently 20pips on a sell trade. so well see stay tuned
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