EURUSD > Back Inside Structure, Now What?

28 mag 2020

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Analysis of #EURUSD

Big money here just love to hit everyone stop and fake breakouts and hit them again when they think the trend has changed, many traders inside my free telegram channel told me they were short this pair and they stopped out, then they went long the pair only to be stopped out again.

anyhow, price now back inside the structure, and for me, it still did not close above structure on the higher time frame, and to be honest, I have doubt about this one, that why am staying away from it,

there are many interesting pair than EURUSD and we are in three trades now, but if I would to sell it, I will look at RSI how it's showing weak momentum, also we have a double top on 1h TF, I would use it as a reason to enter, and I would be really conservative with my entry, stops, and targets

⚠ Please note the ideas is valid only if it happened as I said above

Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌

Check today analysis below

Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**