Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURUSD
Time-Frame : Daily
Biased
Short / Bearish : A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and and now rejections is taking place in a area deemed as and false breakout zone , ill be waiting for price action to provide potential trade for down side. ( Circled area )
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline. ( Which has currently done )
Pair : EURUSD
Time-Frame : Daily
Biased
Short / Bearish : A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and and now rejections is taking place in a area deemed as and false breakout zone , ill be waiting for price action to provide potential trade for down side. ( Circled area )
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline. ( Which has currently done )
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