EUR/USD - BOUNCE ZONE REACHED | DESCENDING CHANNEL BULL FLAG? för FX:EURUSD av JayanVarsani

trendanalysis chartpattern indicator fx currencies eurusd gbpusd dollar usd eur gold oil

Descending channel has been observed over the past few weeks with EUR/USD.
There is high chance this is consolidation behaviour and the channel could break out to the upside.
There is chance for a breakout at the current level as price has reached the top channel however I believe there could be 1 more leg down to the bottom channel and 4H 100MA.
Short position to be placed with a fair sized stop due to wicky behaviour at the this level.
However under the strict condition that once price closes above the channel, the position will be manually closed.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.