EURUSD 4H SHORT

31 ส.ค. 2021

Yesterday we bought USDCAD (you can check if you want). For now, we are looking forward to short EURUSD with the same strategy as USDCAD. As you can see there is a down trend parallel channel and it just checked the upper trend line, we can count it as rejection from here. Also when currencies that are starting with USD (eventually it's called BASE CURRENCY) goes up, then EUR/USD, GBP/USD etc base currency starts with other pairs will go the opposite direction (not everytime, but most of the time).