Hi traders,
Last week EU broke the bearish Daily FVG but couldn’t stay above it.
Now it has made another bearish Daily FVG so the main direction is bearish.
It looks like price is making a Triangle pattern (wave 4/B).
So next week we could see more downside to finish a bearish impulse wave.
Let’s see what the market does and react.
Trade idea: Wait for a correction up and a change in orderflow to bearish on a lower timeframe for bearish trades
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
But I react and trade on what I see on the chart, not what I’ve predicted or expect.
Manage your emotions, trade your edge!
Eduwave