EURUSD is on its bearish run, the minor support level on the Weekly chart is seated at 1.0885. I won't just rush to engaged the trade as its major support is only 185pips away.
If you are looking for a counter-trend approach, you can wait for a retracement after a double bottom is formed.
If you are looking for shorting opportunity, you can either wait for the market to retest 1.1012 follow a 3-bar reversal before I wait for a shorting opportunity.
Breakout traders can wait for the market to break and close below 1.0885 followed by a retest at 1.0885 and short the market after a 3-bar reversal pattern is formed.
If you are looking for a counter-trend approach, you can wait for a retracement after a double bottom is formed.
If you are looking for shorting opportunity, you can either wait for the market to retest 1.1012 follow a 3-bar reversal before I wait for a shorting opportunity.
Breakout traders can wait for the market to break and close below 1.0885 followed by a retest at 1.0885 and short the market after a 3-bar reversal pattern is formed.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.