EURUSD is currently in a bullish channel, and is closing in on the supporting trendline.
Im waiting for it to hit this trendline and get rejected indicating the bulls are not done.
Im waiting for it to hit this trendline and get rejected indicating the bulls are not done.
Ordem cancelada:
No startegy active, broke support. Im waiting for a retest on the lower side of the previous support and then going short if i see resistance here.
Comentário:
This is a very good example of why we should never underestimate the 200MA. The 200MA is sightly pointing downwards, and price was below it as well, indicating a continuation of a downward trend.
Comentário:
My next strategy.