EURUSD PERFECT LONG POSITION OR ANOTHER FAKE BREAKOUT
previous movements :
Eur/usd was perfectly playing bearish parallel channel and printing lower highs and lower lows
befpre that we can see a minor double top with weak divergence within range lows and range highs.which is actually distribution phase after that we can see beautiful potienial lower highs and lower lows
current movement:
my fellow traders can see a breakout with a new hh and new hl but eurusd will go sideways for a moment and then we can see a bullish rally but also there is no chance of bullish trend as of now because of no bullish divergence found on current market situation.
possibilities:
i will enter when the price will break new hh
but its still risky to entry as of now
there is also a support where potential buyers entered the market.
please follow for more trending charts and dont forget to boost the idea if you strongly agree
Eur/usd was perfectly playing bearish parallel channel and printing lower highs and lower lows
befpre that we can see a minor double top with weak divergence within range lows and range highs.which is actually distribution phase after that we can see beautiful potienial lower highs and lower lows
current movement:
my fellow traders can see a breakout with a new hh and new hl but eurusd will go sideways for a moment and then we can see a bullish rally but also there is no chance of bullish trend as of now because of no bullish divergence found on current market situation.
possibilities:
i will enter when the price will break new hh
but its still risky to entry as of now
there is also a support where potential buyers entered the market.
please follow for more trending charts and dont forget to boost the idea if you strongly agree