EURUSD - First Pullback, Than Down-Trend-Continuation

29 set 2021

Hi Traders!

The market is in a Downtrend.

The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.

Here are some indications which supports our view:

- Up-Movement from here:

• Bullish Divergence
  
• Market didn't make any dynamic Pullback since the last Top
  
• H1-Trendline offers itself as an Entry Trigger
  
  
  -Down-Movement after Orange Box:
  
• Daily Trendline
  
• H4-Resistance
  
• 38.2% Fib' Retracement
  

If you have any kind of question or a different point of view, feel free to comment!



Thanks and successful Trading :-)!