With the Euro under seller pressure and this pair getting reject from strong resistance level from W1, we could expect a bearish momentum. Besides, price action has also broken an ascending trendline with a strong bearish candle, looking for a pullback towards the trendline for downtrend continuation a short entry can be taken.
The order:
Type: sell-limit
S/L: 40 pips - R:R | 1:3 -
T/P: support level
--
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The order:
Type: sell-limit
S/L: 40 pips - R:R | 1:3 -
T/P: support level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
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FACEBOOK
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instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.