AlbashafFX | EURUSD at Critical Point but still very Bearish
Yesterday we have been in the short for EUR/USD but not so lucky we're stuck in a consolidation right now.
Long wick rejection have been seen both sides indicating a dangerous market to trade.
as of now, it is not wise to enter a long trade so we will be looking for another short entry.
between 1.090-2 are the best entry if we are looking for short trade, but still very risky, so another option are waiting
for the price to break our lower area in 1H chart before entering short position.
if the price breakthrough to the upside, we believe it's best to wait for further price action, no long entry before price could
break 1.104 level.
Long wick rejection have been seen both sides indicating a dangerous market to trade.
as of now, it is not wise to enter a long trade so we will be looking for another short entry.
between 1.090-2 are the best entry if we are looking for short trade, but still very risky, so another option are waiting
for the price to break our lower area in 1H chart before entering short position.
if the price breakthrough to the upside, we believe it's best to wait for further price action, no long entry before price could
break 1.104 level.
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