Tradingwithtamil

EURUSD: WHAT WILL BE THE NEXT PULLBACK OR THROWBACK?

Long
FX:EURUSD   Euro / U.S. Dollar
Hi traders,

On a daily basis, the pair EURUSD printing its price range in the downtrend with an evident of the throwback from 1.12994. For the last two months, the pair moved into a consolidation channel but the breakout 1.15095 and the throwback setup, filtered the traders from the actual market trend.

Currently, the price range marking the quote 1.16076 with a pullback twist. Due to the pair fame, there is a chance for a traders war. That might change the pair trend instantly.

Or else, With a stable pullback setup the may fetch the quotes 1.18370.
In a different scenario, if the pair continues sentiments with the bear without a pullback formation means, end the trade @ 1.14101.

SIGNAL SPECIFICATION

Entry: 1.16076

TP: 1.18370

SL: 1.14101

R/R: 1.14

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Trade active: Market executed the same pattern as I mentioned above. The price range got a pullback and the throwback setup.


The price range marking its presence in the Uptrend.

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