eurusd
euro / u.s dollar
price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price.
price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600.
price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish.
i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600
SUPPLY AND DEMAND
put together by : Pako Phutietsile, Tumelo Mokgosi as alentrah
presented by : currencynerd
courtesy of : TradingView
Believe in yourself! ...
euro / u.s dollar
price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price.
price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this resistance is of liquidity pool ranging from @ 1.09800 to @ 1.09600.
price broke out of bullish parallel channel forming several OHLC candlesticks below it indicating a shift in current market momentum from bullish to bearish.
i have a short bias on the major currency pair with targets at psychological level of interest @ 1.04600
SUPPLY AND DEMAND
put together by : Pako Phutietsile, Tumelo Mokgosi as alentrah
presented by : currencynerd
courtesy of : TradingView
Believe in yourself! ...
Trade active
bearish momentum still very in control ending this trading week @ -0.47% in our favor. overall target was 180pips and only 80 pips to our targetTrade active
re-entry on retest of liquidity pool
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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.
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.