EURUSD new descending channel is forming ?

4 mag 2021

As we can see price is falling and going to maybe retest some Fibo levels or 200 MA and after breaking Ascending channel, sell pressure is rising .

so for now we may have creation of new Descending channel like the one that is shown on chart .

and more correction is expected . some important resistance zone shown on chart with red rectangle or red lines .

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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