EURUSD, 2 legged pull-back or a double top?
EURUSD / 4H
EURUSD / 4H
Hello traders, welcome back to another market breakdown.
Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
The Complex pull-back AB CD move to the Mid of the range of the entire swing that bears might see as a good discount to short again.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on USDJPY here
EURUSD / 4H
Hello traders, welcome back to another market breakdown.
Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
The Complex pull-back AB CD move to the Mid of the range of the entire swing that bears might see as a good discount to short again.
Trade safely,
Trader Leo.
If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups.
You can also check my last update on USDJPY here
Nota
Double Top, 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.