Hello traders,
for today on eurusd we see nice bearish flag formation.
Previous days we've seen sell out and now correction is occuring.
1.195 is a very nice zone to watch cause looking left we see the structure and also it converges with 618 fib of a last leg of a move.
from this perspective two options are possible:
aggressive is to sell right now - trend continuation trading, expecting the market to continue going lower
or
wait for the breakout of flag pattern and sell afterwards anticipating continuation
no matter which strategy you choose I would recommend to set stop above 1.197 level
for today on eurusd we see nice bearish flag formation.
Previous days we've seen sell out and now correction is occuring.
1.195 is a very nice zone to watch cause looking left we see the structure and also it converges with 618 fib of a last leg of a move.
from this perspective two options are possible:
aggressive is to sell right now - trend continuation trading, expecting the market to continue going lower
or
wait for the breakout of flag pattern and sell afterwards anticipating continuation
no matter which strategy you choose I would recommend to set stop above 1.197 level
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