EURUSD: Two Trend Following Trading Plans 🇪🇺🇺🇸

Dec 5, 2021

Hey traders.

Even though this week was quite bullish for EURUSD,
I want to remind you that from the beginning of the year the pair is trading in a strong bearish trend.

Recently the price reached a strong weekly structure support and from that, we see a pullback.
Here are two options for you to catch the next trend-following move.

• You can look for a breakout trade.
  Consider 1.113 - 1.12 structure support and sell its bearish breakout.
  A breakout will trigger a strong bearish wave to lower structure levels.
  
  
• Consider a major falling trend lien on a 3 days chart.
  Patiently wait for its test and then look for a confirmation to short.
  

I am very bearish on the pair and for that reason, I only look for shorting.

Good luck next week!

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Dec 6, 2021

Note

Check my new analysis on AUDUSD: