EURUSD is on its bearish run, the minor support level on the Weekly chart is seated at 1.0885. I won't just rush to engaged the trade as its major support is only 185pips away.
If you are looking for a counter-trend approach, you can wait for a retracement after a double bottom is formed.
If you are looking for shorting opportunity, you can either wait for the market to retest 1.1012 follow a 3-bar reversal before I wait for a shorting opportunity.
Breakout traders can wait for the market to break and close below 1.0885 followed by a retest at 1.0885 and short the market after a 3-bar reversal pattern is formed.
If you are looking for a counter-trend approach, you can wait for a retracement after a double bottom is formed.
If you are looking for shorting opportunity, you can either wait for the market to retest 1.1012 follow a 3-bar reversal before I wait for a shorting opportunity.
Breakout traders can wait for the market to break and close below 1.0885 followed by a retest at 1.0885 and short the market after a 3-bar reversal pattern is formed.
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