EURUSD - Bearish before Pump - Short
Updated
Hey friends!
Like shown in my last EURUSD TA, we are shortly before a major bullish run.
But why shouldn't we take some profit out of some short posistions, als long bearish trend continues?
As u can see in graph we are in a parallel bearish channel.
We hitted the top trendline some minutes ago ... now we can expect reversal movement.
My target is around 1.164 where a bigger support zone is, and we might switch the trend.
If we stay in parallel channel we got a RR of 3, which is quite amazing.
Happy trading!
Like shown in my last EURUSD TA, we are shortly before a major bullish run.
But why shouldn't we take some profit out of some short posistions, als long bearish trend continues?
As u can see in graph we are in a parallel bearish channel.
We hitted the top trendline some minutes ago ... now we can expect reversal movement.
My target is around 1.164 where a bigger support zone is, and we might switch the trend.
If we stay in parallel channel we got a RR of 3, which is quite amazing.
Happy trading!
Note
perfect entry --- have fun!
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