EURUSD failed Breakout of Triangle / 2nd leg down likely / H1
EURUSD started this week in bullish momentum and It moved up then touched the H4 bearish orderblock.
Nice reaction to OB and strong bear leg ( Liquidity Void ).
I expect another bear leg down because most of the movements in the market appeared as 2 legs.
Liquidity void get stopped at golden support and reversed up. It retested the broken low and created a symmetrical triangle.
Now we have a failed breakout of this triangle and then big bearish outside bar ( BO and Entry bar sometimes ). So lower prices expected.
Bullish trendline + Golden zone is where you have to observe. EURUSD may get stopped there and looking for buy setups.
Also US Dollar Index is now near its top of bullish channel and close below 95 will pushed price lower to the bottom of its channel.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Nice reaction to OB and strong bear leg ( Liquidity Void ).
I expect another bear leg down because most of the movements in the market appeared as 2 legs.
Liquidity void get stopped at golden support and reversed up. It retested the broken low and created a symmetrical triangle.
Now we have a failed breakout of this triangle and then big bearish outside bar ( BO and Entry bar sometimes ). So lower prices expected.
Bullish trendline + Golden zone is where you have to observe. EURUSD may get stopped there and looking for buy setups.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
הערה:
Sign of buying pressure, wait to see what price reaction will be to red resistance
הערה:
After trading rang, sellers get out of TR and price fall down. Nearest resistance is dynamic bull trendline.
