Euro / U.S. DollarShort
EURUSD - New Year Trading 2020
Updated
The pair made a near double top on the H4 chart at 1.1188. That brought the price close to the upper limit of the downtrend channel on the weekly chart once again. It gives, therefore, a safe chance to go short with SL at 1.1205.
Note
The price made a new high at 1.1208 but the bearish projection remains in place.Note
Please support me with your thumbs up and comments.Note
Feeling less confident about the price action seeing this bullish move, but it might be natural as it happened before too.Note
The bearish move happened, in spite of the price moving above the SL. We are 50 pips away from our TP1.
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