Hello my dear friends,
EURUSD now have a very great chance that should NEVER missed by any trader, it have such a very good structure and have a great entry point.
OK lets see where this currency pair is sitting on different time frames then zoom in a bit by bit.
On weekly time frame, this currency pair is about to break a slippage channel which means that the market can't find any interesting into higher prices because it already tested its upper boundaries several times without any sucessful breakout .
On daily time frame, Market already bounce from a daily support level without too much momentum to successfully stay into higher prices and now it's going back sharply toward it.
On 4H chart the market still can't find enough momentum to bounce back from the minor support level.
All those factors combined indicate the EURUSD could really lose any bullish momentum and turn into aggressive bearish momentum subsequently by breaking below subsequent levels.
So now sell the market and put your stop-loss just above the minor top on small time frames
And wait for this setup to do its own job.
Good luck my dear friends, and I'll be with you in this risk!
EURUSD now have a very great chance that should NEVER missed by any trader, it have such a very good structure and have a great entry point.
OK lets see where this currency pair is sitting on different time frames then zoom in a bit by bit.
On weekly time frame, this currency pair is about to break a slippage channel which means that the market can't find any interesting into higher prices because it already tested its upper boundaries several times without any sucessful breakout .
On daily time frame, Market already bounce from a daily support level without too much momentum to successfully stay into higher prices and now it's going back sharply toward it.
On 4H chart the market still can't find enough momentum to bounce back from the minor support level.
All those factors combined indicate the EURUSD could really lose any bullish momentum and turn into aggressive bearish momentum subsequently by breaking below subsequent levels.
So now sell the market and put your stop-loss just above the minor top on small time frames
And wait for this setup to do its own job.
Good luck my dear friends, and I'll be with you in this risk!