Hello traders, welcome back to another market breakdown.
EURUSD is trading in a down trend. Yet, the price has almost reached the target for bears as a second leg down where bears take their profits and bulls know that so they go long.
Please note, this is a bulls back trade, meaning against the trend. New traders should wait and trade with the trend. However, experienced traders can trade pull backs.
Bulls need a double to or some variation of a double top before they buy more.
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.