Euro / Đô la MỹGiá xuống
EURUSD - Update: Reason for Sell Trade at 0.99524
On 5M timeframe:
1 - Price made initial Low at 0.99443
2 - Price made initial High at 0.99647
3 - Price retested the Low 0.99443 and bounced up
4 - Price retested the High 0.99647, twice. See wick/rejection on 2nd attempt.
5 - Break of Structure (break of current Low) happened. So we can assume from there that market wants to go down. Which also confirms continuation of Friday's bearish behavior.
5 - Price made a Lower Low at 0.99403.
6 - We assume that if price retrace, it will do so at the golden zone. So we opened a sell trade there.(encircled)
1 - Price made initial Low at 0.99443
2 - Price made initial High at 0.99647
3 - Price retested the Low 0.99443 and bounced up
4 - Price retested the High 0.99647, twice. See wick/rejection on 2nd attempt.
5 - Break of Structure (break of current Low) happened. So we can assume from there that market wants to go down. Which also confirms continuation of Friday's bearish behavior.
5 - Price made a Lower Low at 0.99403.
6 - We assume that if price retrace, it will do so at the golden zone. So we opened a sell trade there.(encircled)
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