EURUSD Weekly update 22.08-26.08
After price touch the low I am expecting to bounce back and retest the channel.
Long term bias is bearish, but very-short term bias is bullish. The bullish move will be only pull back, so dont trust that price will go up to test the Order Block, it could continue the down trend at any moment.
Next month, when the FEDs increase the interest rates, down trend will resume for sure.
Overall bias is bearish, because fundamentally euro zone is in very bad situation.
Few Tradingview Indicators, that will help to decide the direction.
cdn.discordapp.com/attachments/953545369592148028/1010429886294401117/SFC_5-min_strategy_manual.pdf
Long term bias is bearish, but very-short term bias is bullish. The bullish move will be only pull back, so dont trust that price will go up to test the Order Block, it could continue the down trend at any moment.
Next month, when the FEDs increase the interest rates, down trend will resume for sure.
Overall bias is bearish, because fundamentally euro zone is in very bad situation.
Few Tradingview Indicators, that will help to decide the direction.
cdn.discordapp.com/attachments/953545369592148028/1010429886294401117/SFC_5-min_strategy_manual.pdf
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