EURUSD Possible Bearish Movement?
Hello everyone, hope everyone is doing great! Any feedback on this is appreciated.
Here I got what I believe to be a possible EURUSD bearish movement, here are my thoughts:
4H Candles: Here we can see a bearish trend that has been going on since a few months ago, however this was recently broken with some events such as Trump entering into office this January 20th.
While Chart analysis alone suggests we could see a bull for the euro, I would like to challenge it with the new decisions being taken by Trump (tariffs, dollar-first policies) and other news such as the ECB Rate Cuts on December.
At the time being things are looking like theres going to be a lot of movement, I expect one last bounce before seeing any strong bulls during the next few weeks, but I believe we are already at a great entry point.
Let me know your thoughts on it!
Edit: For some reason my TP1 text wasnt added to the chart shown here, but it was placed at 1.03196.
Here I got what I believe to be a possible EURUSD bearish movement, here are my thoughts:
4H Candles: Here we can see a bearish trend that has been going on since a few months ago, however this was recently broken with some events such as Trump entering into office this January 20th.
While Chart analysis alone suggests we could see a bull for the euro, I would like to challenge it with the new decisions being taken by Trump (tariffs, dollar-first policies) and other news such as the ECB Rate Cuts on December.
At the time being things are looking like theres going to be a lot of movement, I expect one last bounce before seeing any strong bulls during the next few weeks, but I believe we are already at a great entry point.
Let me know your thoughts on it!
Edit: For some reason my TP1 text wasnt added to the chart shown here, but it was placed at 1.03196.
Trade active
I put my trade in. same TP and SL shown in chart.Trade closed manually
Strong bullish momentum being seen as of 6:20PM. Closed not long ago, broke even.
While fundamentals were the thing this idea was focused on, seems that this has backfired.
No trade is a loss if you learnt something that you can apply in the future! :)
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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.