EURUSD has turned completely bearish as after the Sep 25th rejection, it broke under the previous Channel Up and formed a Death Cross on the 4hour time frame.
It continues to be a similar sequence of events as the post December 28th 2023 High.
We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity.
Sell and target 1.07700 (-4.00% from the top).
Previous chart:
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It continues to be a similar sequence of events as the post December 28th 2023 High.
We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity.
Sell and target 1.07700 (-4.00% from the top).
Previous chart:
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.