If you are tracking EURUSD, price action on the pair has retested last week's high (marked by green line) and rejected it with a bearish pinbar on the daily time frame. As a swing trader, I will see this as a set-up for a sell trade on short-term swing trading basis.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
DislikedAre you tracking the EURUSD this week? Consider this technical perspective. On the daily time frame, price action has been in a southward mode since April 20, 2018. Last week Thursday and Friday, bulls pushed price action northward in retracement. We are likely to see bulls take price action further northward before a southward turnaround. A likely target of such a northward retracement is the 1.20540 area. I may be wrong. Trade safe and prosper. KP {image}Ignored
Do your homework, follow the footprints of smart money
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