EURUSD: WHAT WILL BE THE NEXT PULLBACK OR THROWBACK?
Hi traders,
On a daily basis, the pair EURUSD printing its price range in the downtrend with an evident of the throwback from 1.12994. For the last two months, the pair moved into a consolidation channel but the breakout 1.15095 and the throwback setup, filtered the traders from the actual market trend.
Currently, the price range marking the quote 1.16076 with a pullback twist. Due to the pair fame, there is a chance for a traders war. That might change the pair trend instantly.
Or else, With a stable pullback setup the may fetch the quotes 1.18370.
In a different scenario, if the pair continues sentiments with the bear without a pullback formation means, end the trade @ 1.14101.
SIGNAL SPECIFICATION
Entry: 1.16076
TP: 1.18370
SL: 1.14101
R/R: 1.14
HIT LIKE, COMMENT AND FOLLOW FOR MORE PROFITABLE TECHNICAL UPDATES.
On a daily basis, the pair EURUSD printing its price range in the downtrend with an evident of the throwback from 1.12994. For the last two months, the pair moved into a consolidation channel but the breakout 1.15095 and the throwback setup, filtered the traders from the actual market trend.
Currently, the price range marking the quote 1.16076 with a pullback twist. Due to the pair fame, there is a chance for a traders war. That might change the pair trend instantly.
Or else, With a stable pullback setup the may fetch the quotes 1.18370.
In a different scenario, if the pair continues sentiments with the bear without a pullback formation means, end the trade @ 1.14101.
SIGNAL SPECIFICATION
Entry: 1.16076
TP: 1.18370
SL: 1.14101
R/R: 1.14
HIT LIKE, COMMENT AND FOLLOW FOR MORE PROFITABLE TECHNICAL UPDATES.
Trade active
Market executed the same pattern as I mentioned above. The price range got a pullback and the throwback setup.The price range marking its presence in the Uptrend.
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Related publications
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.