EUR/USD Failure of the ascending trend line and pullback?
Hello friends
- The weekly time frame, by hitting the MA200 above, the trend decreased and it also shows the continuation of the price decrease.
- And in the daily time frame, in addition to the breaking of the upward trend line and the formation of LL, there is no sign of an upward trend
However, hitting the MA200 below has caused a pullback
- In smaller time frames, it seems that the pullback is not complete
Based on the price action review and some indicators, I expect the price to drop after the pullback is completed
*Be profitable
Thank you for expressing your opinion with like and comment
- The weekly time frame, by hitting the MA200 above, the trend decreased and it also shows the continuation of the price decrease.
- And in the daily time frame, in addition to the breaking of the upward trend line and the formation of LL, there is no sign of an upward trend
However, hitting the MA200 below has caused a pullback
- In smaller time frames, it seems that the pullback is not complete
Based on the price action review and some indicators, I expect the price to drop after the pullback is completed
*Be profitable
Thank you for expressing your opinion with like and comment
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