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EURUSD: Two Trend Following Trading Plans ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ

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Hey traders.

Even though this week was quite bullish for EURUSD,
I want to remind you that from the beginning of the year the pair is trading in a strong bearish trend.

Recently the price reached a strong weekly structure support and from that, we see a pullback.
Here are two options for you to catch the next trend-following move.

  • You can look for a breakout trade.
    Consider 1.113 - 1.12 structure support and sell its bearish breakout.
    A breakout will trigger a strong bearish wave to lower structure levels.

  • Consider a major falling trend lien on a 3 days chart.
    Patiently wait for its test and then look for a confirmation to short.


I am very bearish on the pair and for that reason, I only look for shorting.

Good luck next week!

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ื”ืขืจื”
Check my new analysis on AUDUSD:
AUDUSD: Top-Down Analysis & Potential Pullback Trade ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ

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