EURUSD: Bearish Pin Bar Threats Bullish Correction. Eyes on 1.1175 with a breakdown to retest 1.11205/2/2019 EURUSD: Bearish Pin Bar Threats Bullish Correction. Eyes on 1.1175 with a breakdown to retest 1.1120 With the fact that the bearish pin bar appeared just below the falling trendline, the bullish correction is now in jeopardy. The bias is bearish in the near term, testing 1.1175 support area. A clear break below that area would confirm the bullish correction invalidation to target 1.1120 key support area which remains a good place for a long position with a tight stop loss as a decisive break below 1.1120 would confirm resumption of the major downtrend theme. On the other hand, a failure to clear 1.1175 support would keep the bullish recovery in play pushing price back towards the trendline barrier once again. EURUSD: Bearish Pin Bar Threats Bullish Correction. Eyes on 1.1175 with a breakdown to retest 1.1120 published first on https://medium.com/@forexlasersforum via Tumblr EURUSD: Bearish Pin Bar Threats Bullish Correction. Eyes on 1.1175 with a breakdown to retest 1.1120
0 Comments
Leave a Reply. |
SpomenkoBabic
I have worked in many start-ups and businesses in publishing, online products, public relations, photography and business broking. My own ventures have been in publishing and consumer distribution. My experience includes more than 20 years promoting large and small businesses. I believe that innovation is about challenging even long-standing, tried and tested or cherished beliefs. Follow me on twitter for lastest updates.. |