TRADE OF THE WEEK | Swing Trading on EURUSDđź’°
Hey traders,
EURUSD is trading in a strong bearish trend.
Lows and highs are perfectly respecting the boundaries of a major falling parallel channel.
We were watching carefully its upper boundary to short the market from there.
Reaching its resistance, the price formed a double top formation on 4H time frame.
Its neckline breakout was a trigger for opening a short position.
The market bounced sharply after a retest of a broken neckline.
It looks like the pair will go even lower.
Great winner & perfect trade!
Did you catch this move?
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