Lingrid | EURUSD complex PULLBACK. Short Opportunity for FX:EURUSD by Lingrid

Lingrid | EURUSD complex PULLBACK. Short Opportunity

has been moving sideways for the past couple of days. The market is pulling back toward the resistance zone after a fake breakout of the support level. It appears that the price is forming an ABCD pullback, as it has not moved significantly lower than the resistance zone at 1.03500. Additionally, a doji candle has formed on the weekly timeframe, which suggests indecision. I believe the market may move above the previous weekly high to take liquidity. I expect that this pullback will be followed by a continuation of the downward trend. My goal is support zone around 1.02520

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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