Euro / Dolar USAShort
eurusd strategic outlook bears will target 1.0000
Zaktualizowano
🔸Hello traders, let's review the daily chart for EURUSD today. Recently we had
noteworthy compression inside rising wedge in strong prior downtrend conditions.
Normally this results in a breakdown and dump, we had a fake breakout and print
of new higher high at 1230/1240 before reversal and subsequent breakdown of
the rising wedge structure.
🔸EURUSD ongoing correction/downtrend set to resume after distribution pattern
completes later, expecting more losses short-term and price will likely enter new
redistribution after we hit close to 0300, expecting range-locked price action
before downtrend resumes later.
🔸Recommended strategy for EURUSD traders: I recommend to focus on shorting
any rips/rallies in EURUSD, as bears will target 1.0000/1.0100 later this year.
Limited upside potential after we got a rising wedge breakdown, which confirms
trend change, therefore no valid setup for the bulls in this market. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
noteworthy compression inside rising wedge in strong prior downtrend conditions.
Normally this results in a breakdown and dump, we had a fake breakout and print
of new higher high at 1230/1240 before reversal and subsequent breakdown of
the rising wedge structure.
🔸EURUSD ongoing correction/downtrend set to resume after distribution pattern
completes later, expecting more losses short-term and price will likely enter new
redistribution after we hit close to 0300, expecting range-locked price action
before downtrend resumes later.
🔸Recommended strategy for EURUSD traders: I recommend to focus on shorting
any rips/rallies in EURUSD, as bears will target 1.0000/1.0100 later this year.
Limited upside potential after we got a rising wedge breakdown, which confirms
trend change, therefore no valid setup for the bulls in this market. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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t.me/thesyndicate001
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💎solana meme coin algo based
⚡️signals based on whale activity
📕and trading course for 10x-25x
🚀supercharge your trading
🏧to the next level join us today
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