so EU has been moving in a descending type of channel on a high timeframe and is showing another descending type of channel on the lower timeframe creating a double bottom. now EU has broken out of the descending channel impulsively.
now waiting for EU to create a correction and present a entry opportunity.
Note
EURUSD has retraced. waiting for a reaction to ride the trade upwards price has broken the last lower high of the downtrend and might be creating a higher low at the moment thus structure was broken and we might be in the early stages of an uptrend
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.