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Euro / U.S. Dollar
Short

EURUSD H4 - 12/05/2022

By Beanissthefunnytrader
1.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag, indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break.

Remember to trade systematically
Cheers.
Candlestick AnalysisFLAGFlagForexforexsignalspriceactionsupplyandemandzonesSupport and ResistancetrendanalysysTrend Line Breaktrianglebreaktrianglepattren
Beanissthefunnytrader

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