DavoodWadi

Sideways Correction In EURUSD

Kort
FX:EURUSD   Euro / USA-dollar
3
The Longer Term Trend is Bearish after we broke some of longer term trendlines.

I'm now looking at a bearish setup to get on the longer term trend.
We have a textbook sideways correction forming.
As of now a bullish triangle seems to be taking shape. If so, I'll expect more upside before my short order is filled.

I expect less Reward comparing to the risk, but on the other hand these setups have proved to be having higher probabilities.

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