Lingrid | EURUSD bearish MOMENTUM: Short from RESISTANCE zone

2024年11月6日

The price perfectly fulfilled my last idea. It reached the take profit level. EURUSD has recently formed a strong impulse leg down, breaking and closing below the previous support level on the 4H timeframe. Currently, the price is generating a long-tailed bar, which could indicate a potential pullback against major trend. Also recent surge in the DXY, shows a bearish sentiment and on the daily timeframe, the price broke through the upward trendline that has been in place since April, further confirming bearish sentiment. I expect a pullback in the near term, but the overall trajectory seems to suggest that the market will continue to move down or consolidate after the impulse leg. My goal is support zone around 1.06700

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

2024年11月9日

交易結束：目標達成

The price touched the target zone