EURUSD OUTLOOK - CHART PATTERNS - Sell Correction

19 พ.ย. 2022

EURUSD has broken its bearish cycle and we are about to head into a strong general Bullish Trend. As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the upside, breaking through the trend, so a correction or retracement is imminent.

The Formation of the BEARISH Triangle on the Hourly time, shows the incoming of a Bearish short time move for next week.

The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.

22 พ.ย. 2022

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A Bullish flag which represents a sell continuation has been formed by price.

Today 22/11/2022, price did a retracement from Monday's sell and the sell continuation is about to begin