Bearish Signal Detected as Market Reaches Resistance Level
Updated
Hey Traders!
Welcome to this analysis of EURUSD.
The EURUSD pair is at resistance, it means that it's hard for the market to go up further. There's also a pattern that looks like two mountain tops on a chart, and this can be a sign that the market might go down soon, a Doji candle which means that the market is not sure what to do.
This might be a good time to sell, but it's important to know that there is some very important FOMC news coming out soon that can affect the market a lot. So, we need to be careful and see what happens.
To sell, we can wait for confirmation that the market is going down and then sell. Or we can sell now, but we need to be careful.
Thanks for reading! Don't forget to ask any questions you may have.
Welcome to this analysis of EURUSD.
The EURUSD pair is at resistance, it means that it's hard for the market to go up further. There's also a pattern that looks like two mountain tops on a chart, and this can be a sign that the market might go down soon, a Doji candle which means that the market is not sure what to do.
This might be a good time to sell, but it's important to know that there is some very important FOMC news coming out soon that can affect the market a lot. So, we need to be careful and see what happens.
To sell, we can wait for confirmation that the market is going down and then sell. Or we can sell now, but we need to be careful.
Thanks for reading! Don't forget to ask any questions you may have.
Order cancelled
broke structure as indicated above because of the news, and that is why we wait for confirmation
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