[ALERT] Bearish megaphone on the ultra important 1.000 lvl
Hey everyone,
today EURUSD is flirting with the 1.0000 lvl which is ultra important psychologically for investors and institutionals. Bearish momentum is strong since its been week that price fall, meaning we are in a bearish trend which give more consistency for this trade.
Currently price is stagnating and forming a megaphone pattern which can lead price to 0.98 extremely fast because of crowds movements and institutionals. I would take a short when the megaphone will break and aim for the target. Tp's are also set on chart.
Moving averages are crossing bearish as well, everything indicate that this setup is of great quality and must have a high winning rate
Don't forget to like and subscribe for more content
See you soon
today EURUSD is flirting with the 1.0000 lvl which is ultra important psychologically for investors and institutionals. Bearish momentum is strong since its been week that price fall, meaning we are in a bearish trend which give more consistency for this trade.
Currently price is stagnating and forming a megaphone pattern which can lead price to 0.98 extremely fast because of crowds movements and institutionals. I would take a short when the megaphone will break and aim for the target. Tp's are also set on chart.
Moving averages are crossing bearish as well, everything indicate that this setup is of great quality and must have a high winning rate
Don't forget to like and subscribe for more content
See you soon
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.