Hey Everyone!
I believe we might have a good sell for following reasons:
- Overall higher timeframe market direction is bearish
- NFP news came out positive for the US Dollar
- Recent bearish engulfing candlestick closure
Its likely to re-test previous 20-50 moving averages, if these break I see this pair dropping much down much further.
EUR recently had a power spike, however I think its short-lived and the market will resume the bearish continuation.
Take your first profit at 20-30 pips just because the moving averages are there and might act as a support level.
Good luck!
I believe we might have a good sell for following reasons:
- Overall higher timeframe market direction is bearish
- NFP news came out positive for the US Dollar
- Recent bearish engulfing candlestick closure
Its likely to re-test previous 20-50 moving averages, if these break I see this pair dropping much down much further.
EUR recently had a power spike, however I think its short-lived and the market will resume the bearish continuation.
Take your first profit at 20-30 pips just because the moving averages are there and might act as a support level.
Good luck!
Telegram ⏩ t.me/freettrsignals
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YouTube ⏩ linktw.in/ueTGhN
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.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
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.