Hello traders
Today, we are going to have a look at the EURUSD. We have had a nice rejection from the daily support area after grabbing sell-side liquidity. In doing so, we pulled back into a swing high and spiked the top.
There are two possible situations as to what I think can happen from here;
1. An inverted H&S pattern of a daily support area would be nice, though we need confirmation.
2. Alternatively, we continue bearish and find our entry near the downward trend line.
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The trading guy
Today, we are going to have a look at the EURUSD. We have had a nice rejection from the daily support area after grabbing sell-side liquidity. In doing so, we pulled back into a swing high and spiked the top.
There are two possible situations as to what I think can happen from here;
1. An inverted H&S pattern of a daily support area would be nice, though we need confirmation.
2. Alternatively, we continue bearish and find our entry near the downward trend line.
Like, follow and comment
The trading guy