Hello traders:
Even tho EURUSD had a strong bullish run since yesterday, I am still having a short bias on it.
My reasoning behind the sell is that structurely we are still valid for a short move to the downside.
From my previous analysis, price did not manage to break down from that structure, but did manage to move up more.
However, structure is ever evolving and I see the extending structure on the price action.
What I want to see before consider a sell would be a confirmation bearish impulse move, followed by continuation correction in the lower time frame.
Still looking very promising for a good Risk:reward trade down.
Thank you
Even tho EURUSD had a strong bullish run since yesterday, I am still having a short bias on it.
My reasoning behind the sell is that structurely we are still valid for a short move to the downside.
From my previous analysis, price did not manage to break down from that structure, but did manage to move up more.
However, structure is ever evolving and I see the extending structure on the price action.
What I want to see before consider a sell would be a confirmation bearish impulse move, followed by continuation correction in the lower time frame.
Still looking very promising for a good Risk:reward trade down.
Thank you
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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.