The EUR/USD market initially tested a significant daily resistance zone, which prompted an expected bearish continuation. Following this, the market formed a clear M-pattern, indicating a potential reversal. As the price retested the neckline of the M-pattern, this confirmed the continuation of the bearish trend. Consequently, further selling pressure was anticipated, aligning with the established market structure and technical signals.
Trade active
Trade closed manually
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.
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.