On Friday we closed our short positions on EURUSD. Now, we expect a pullback to 1,1650 and from there, we will be looking for more selling opportunities. We will be watching out for a reversal candlestick formation in order to make an entry.
This time our target will be price reaching and breaking below the previous low at 1,1563.
We're not entering a trade at current price levels, but instead, we are waiting for higher price values so we can have a better ratio!
In our next analysis we will be sharing with you the levels below 1,1563.
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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.