BEARish trend of euro on the monthly time frame
As for some time years actually. Firstly it took out equal highs further it is in a downtrend, 2ndly price created imbalance once taking out these lows,3rdly price retraced halfway and reversed creating EQH lows (Liquidity) ... 4thly price retraced to the supply zone and mitigated a monthly Bearish OB and further its momentum in a down trend, taking out EQH lows (Liquidity) and breaking structure as well as "trendline LQD" creating a lower low.
I am hoping for it to come back to the trendline and it will be supported but that will be years from now and anything can happen since it is currently on a yearly downtrend let me look for (XXXEUR bullish ) and (EUR XXX bearish ).
I am hoping for it to come back to the trendline and it will be supported but that will be years from now and anything can happen since it is currently on a yearly downtrend let me look for (XXXEUR bullish ) and (EUR XXX bearish ).
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