Hello Traders, i just thought i should share my thoughts on the EURUSD for the forth coming week.
If you look at the daily chart, its obvious that we are heavily bearish. hence we should be looking for ways to hop on and take advantage of the downward move. Using the IPDE top down analysis i dropped down to the 4Hr time frame to look for a clearer picture.
As you can see, the price swing a much easier to see here and we can see how beautiful the trend is. we just made a New Structure low and i'll be expecting price to pullback most likely to the previous support level which could mean previous support becoming potential resistance.
No comments:
Post a Comment