EURUSD Pair: Time to DROP!!!
Updated
Honestly one of the easiest pairs to trade, a standard beginner pair for all beginners to start with, I was introduced immediately to the EURO DOLLAR pair by a friend as I was interested into expanding into FOREX from my crypto trading background and after trading a short while in commodities WTIUSOIL and Gold spot XAUUSD.
Very predictable pattern, we see EURUSD hitting the months long strong resistance levels @ 1.09954 where it has been encountering major rejections. A strong bearish cnadle in the both the H1 and H4 confirms the reversal trend towards the DOWNSIDE for a SHORT opportunity, take profit at the nearest support levels @ 1.08857
I expect the Geramn bank and EU disputes to increase selling pressure on the EU further, combined with a pullback on bearish momentum on the dollar, this will bring EURUSD down further.
As always, trade carefully with stop losses and feel free to like and comment if you enjoyed my ideas! Lets look forward to more profits on this journey together = )
Best Regards,
GOLD D ROGER
Very predictable pattern, we see EURUSD hitting the months long strong resistance levels @ 1.09954 where it has been encountering major rejections. A strong bearish cnadle in the both the H1 and H4 confirms the reversal trend towards the DOWNSIDE for a SHORT opportunity, take profit at the nearest support levels @ 1.08857
I expect the Geramn bank and EU disputes to increase selling pressure on the EU further, combined with a pullback on bearish momentum on the dollar, this will bring EURUSD down further.
As always, trade carefully with stop losses and feel free to like and comment if you enjoyed my ideas! Lets look forward to more profits on this journey together = )
Best Regards,
GOLD D ROGER
Trade closed: target reached
Closed trade with small profit at 1.09487 after seeing long rejection wick by midpoint support
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