EURUSD is hitting the top of the Megaphone pattern that has been in play for many months. There is a high probability of a reversal here.
If you see bearish price action in the lower time frame, then short EURUSD between 1.1464-1.1510 with SL above 1.1540.
Traders can set 1.1160 as the first TP once the reversal materializes.
If you see bearish price action in the lower time frame, then short EURUSD between 1.1464-1.1510 with SL above 1.1540.
Traders can set 1.1160 as the first TP once the reversal materializes.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.