MY INTRADAY PERSPECTIVE IN EURUSD
As seen on the 4h chart, EURUSD is still on a downward trend (which was initially caused by the spike on US Yields last week). What I see happening is a formation of an M on the 4h chart to continue the bearish movement to form a new Higher Low.
OR price would be retesting yesterday's high. At that point, I'd be expecting bears to be lock and loaded to continue the trend.
TRADE IS VALID IF BEARISHNESS PERSISTS DURING THE US SESSION.
Please trade at your own risk.
As seen on the 4h chart, EURUSD is still on a downward trend (which was initially caused by the spike on US Yields last week). What I see happening is a formation of an M on the 4h chart to continue the bearish movement to form a new Higher Low.
OR price would be retesting yesterday's high. At that point, I'd be expecting bears to be lock and loaded to continue the trend.
TRADE IS VALID IF BEARISHNESS PERSISTS DURING THE US SESSION.
Please trade at your own risk.
Bình luận:
Pardon me. I meant to say Lower Low*