Hello to the large community of traders,
Price started downtrend from the upper line of daily channel. Buyers and seller retested each other and then sellers push the market down.
It came down to the channel middle line and MA50. As you see with 2 nice rejection MA50 push the price to retesting area again.
So we have to wait to see in retesting 2 which one will take the market control, buyers or sellers?
You can tell me your idea in comments.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
Price started downtrend from the upper line of daily channel. Buyers and seller retested each other and then sellers push the market down.
It came down to the channel middle line and MA50. As you see with 2 nice rejection MA50 push the price to retesting area again.
So we have to wait to see in retesting 2 which one will take the market control, buyers or sellers?
You can tell me your idea in comments.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
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EURUSD Long.
amirthetrader
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