EUR/USD:SELL From 50% FIBO Bearish Channel Resistance SHORT

29. Sept. 2022

The EUR/USD in a strong downtrend in the last hours had some bullish candles like a Retracement to get a " Breath " of the market after the previous negative sessions. As we can see, the retracement in the H4 timeframe reaches the 50% Fibonacci level where the price seems to find the right level and turn again in the direction of the primary trend to have another Bearish impulse. In H4 the Stochastic is in an overbought scenario and the price form a new bearish channel where this can work like a canal for the price to drop more on the lower side of the chart. The Ichimoku clouds are still bearish as forecast and all the clues are about a new SHORT setup.

29. Sept. 2022

Kommentar