EURUSD 11 March 2021 Time frame: 1D
Hi traders and welcome to my channel ...
As you can see
EURUSD in daily chart breaks the strong trend line and perfectly pullback to it and then dropped.
For now, price touch MA200 and try to break the static resistance 1.19521 and it can grow to resistance area between 1.21799 and 1.22432
If price after touch resistance 1.21799 creates lower high blew the resistance zone of 1.19521… I think It’s going to creates new down trend to: 1.16025 (I draw parallel channel for this scenario)
Let’s see what happens…
.
All info can be found in my chart.
.
Good luck guys and be careful
.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
As you can see
EURUSD in daily chart breaks the strong trend line and perfectly pullback to it and then dropped.For now, price touch MA200 and try to break the static resistance 1.19521 and it can grow to resistance area between 1.21799 and 1.22432
If price after touch resistance 1.21799 creates lower high blew the resistance zone of 1.19521… I think It’s going to creates new down trend to: 1.16025 (I draw parallel channel for this scenario)
Let’s see what happens…
.
All info can be found in my chart.
.
Good luck guys and be careful
.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
Related publications
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.