EURUSD breaks the Lower Trend Line
Updated
Hello Friends, in my previous idea, I told you to sell EURUSD at 1.0980 at the third touch of the Upper TL. If you followed you have already bagged 80+ pips profit.
I have focused on the Bearish Structure multiple times in my last couple of ideas and if you remember, I mentioned about a break in the Lower TL.
Currently, EURUSD appears to have broken the Lower TL.
If the break is valid, then it goes without saying that we will be seeing EURUSD head lower in the next few days.\
Initial Support lies at 1.0835 followed by 1.0770 and finally 1.0640.
The above scenario is invalid if the price goes back into the structure.
I have focused on the Bearish Structure multiple times in my last couple of ideas and if you remember, I mentioned about a break in the Lower TL.
Currently, EURUSD appears to have broken the Lower TL.
If the break is valid, then it goes without saying that we will be seeing EURUSD head lower in the next few days.\
Initial Support lies at 1.0835 followed by 1.0770 and finally 1.0640.
The above scenario is invalid if the price goes back into the structure.
Note
Another 50 Pips downTrade active
New Sell active at 1.0917. SL above previous highNote
Trade closed: target reached
Trade closed with 50 pips profit. Happy Pippin to all those who followed ;)Will re-evaluate the set-up again during/after today's European session.
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