EURUSD is in a clear long term downtrend on this 4hr chart analysis. Seems to be a minor pullback now which is a great opportunity to get in. risk reward is almost 2:3 at the moment but strong downtrend to the bottom of the channel. My opinion, DYOR.
PS: Red horizontal lines a long term major support and resistance lines. They can also be used for TP or SL targets if trading on a shorter timeframe.
Please comment guys, I'd like to know what you think. Criticism is also welcome.
PS: Red horizontal lines a long term major support and resistance lines. They can also be used for TP or SL targets if trading on a shorter timeframe.
Please comment guys, I'd like to know what you think. Criticism is also welcome.