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Euro / U.S. Dollar
Short

EURUSD SELL

94
EURUSD

Preference:
After testing a gap on the daily EURUSD responded with a strong downtrend. At the 23.6 price created a short pullback that turned out to be a bear flag to continue the downtrend. If price fails to break above the 23.6 there is a good chance the downtrend will resume to retest the lows.

Alternative Scenario:
We need to see price respect support a create a new support level before looking for a buy on the pair.
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FibonacciMultiple Time Frame AnalysisSupport and Resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonacciMultiple Time Frame AnalysisSupport and Resistance
TKProphet
Join our Community Learn, Earn, and Grow!!
linktr.ee/Tkprophet
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.