Community post
EURUSD Reversal Candle
EURUS has been struggling on these resistance level for quite a time.
Price now has hit one of the resistance levels and we might have a trend reversal.
Why might the price drop?
Look carefully at the reversal candles that pushed the price back down.And this weeks candle can be one of them.
By looking at the US DOLLAR INDEX chart on which I made a post about (https://steemit.com/trading/@fisnikk/us-dollar-index-outlook) the dollar might shoot high and that means that EURUSD should drop.
I hope this post was helpful.
If so,please upvote and resteem to support my idea.
Replies (2)
Hi @fisnikk thank you for the post- I too noticed this on the weekly chart. I look at harmonic patterns and may be looking to short soon- will you hold until the bottom of the range? Good to see other traders looking at the bigger picture rather than just day trading. Keep up the good work!
Upvoted and followed :)
Thanks very much for the upvote and comment.
Let's see what happens now after that unexpected breadown of the price.
Followed you back @kylemcquade