Inizia
Euro / Dollaro
Short

EURUSD

Di Nardobanks
Monthly Time Frame:

Confluences

  • Price Action (P.A) currently printing lower lows (L.L) and Lower Highs (L.H), therefore Price Action (P.A) is currently in a downtrend.

    3rd bounce of trend-line.

    Inside bar formation highlighted by the yellow rectangle .

    Bearish Shooting star candle.

    Price Action (P.A) currently printing a bearish marubozu candle.

    200 EMA currently acting as dynamic resistance.


Conclusion


*Will Price Action (P.A) reach the weekly support of 1.15000 as the next downside target?

OR


*Price Action (P.A) looking a head and shoulders pattern is currently forming?
Trend Analysis
Nardobanks

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