Eurusd Expecting bearish trend continuation..

25 окт.

It appears that the market recently experienced a minor retracement, or "liquidity grab," where the price reached the 40 EMA but was rejected at the 50 EMA on the 4-hour timeframe. This rejection aligns with a Fibonacci retracement to the golden zone (between the recent high and low), indicating a technical barrier. Based on these factors, there is a likelihood that the price will drop to the recent low of 1.07609. With an upcoming news event, there could be a potential reversal, but if momentum continues, the current trend may persist. I’ll provide an update next week or once the target is met.

29 окт.

Сделка закрыта вручную

since the market could not break the previous low and retested the 1.07700 level i have closed the order at the lowest level. The current market is very choppy and rejecting the 50 ema in 4hr time frame and also the market is moving side ways wait for candle close below 30 ema in 4hr or above 50 ema in 4hr to know the future direction

29 окт.

Сделка закрыта: достигнута тейк-профит цена

Will upload new idea soon