Hey traders,
This Friday was very bearish for EURUSD.
We see a high momentum bearish candle on a daily time frame and -0.9% net decline.
Ahead is a strong daily structure support.
Depending on the reaction of the market to that structure,
we have two completely opposite plans to trade.
In case of a reversal formation (bullish one) on that structure,
we will buy, expecting a bullish trend continuation.
In case of a breakout of that structure and a consequent retest
with a reversal pattern (bearish one),
we will sell expecting a further decline.
Be patient and let the market decide.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.