EURUSD M30 Outlook
Yesterday night trend turned into bearish. I am waiting the end of this retrace to short again.
Edit: Also keep in mind that in the bigger frame this could just be a big retrace.
Red/blue trendlines are areas where we could sell/buy. I also marked important fib levels for sell/buy. Only 50 is gray since I see it as two sided, where depending on the situation one could either buy or sell. Also keep in mind the gray S/R areas where price could bounce too.
Edit: One last thing: This seems to be a head and shoulder pattern and we can roughly calculate the target as the picture below shows.
Happy Trades
Yesterday night trend turned into bearish. I am waiting the end of this retrace to short again.
Edit: Also keep in mind that in the bigger frame this could just be a big retrace.
Red/blue trendlines are areas where we could sell/buy. I also marked important fib levels for sell/buy. Only 50 is gray since I see it as two sided, where depending on the situation one could either buy or sell. Also keep in mind the gray S/R areas where price could bounce too.
Edit: One last thing: This seems to be a head and shoulder pattern and we can roughly calculate the target as the picture below shows.
Happy Trades
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