hey guys,
I have noticed that many traders are looking for a bullish trend continuation trade
and looking for a continuation from current structure support 1.112.
Though it is indeed an important level of structure to consider,
I am very skeptical about buying the market from this level.
Focusing on a rising channel that the pair was trading within for quite a while,
it looks like after a fake bullish breakout of it, EURUSD is again trading inside.
For this reason, there is a high chance to see a bearish continuation to a support line of a channel
and for us, it is better to look for a long trade there.
your safest zone to buy will be
1.108 - 1.106
please, support the idea with like and leave a comment, thanks!)
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✅Join My Telegram Channel: t.me/VasilyTrading
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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.