EURUSD: The Short Opportunity Most Are Ignoring
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_________________ CHAPTERS _________________
0:00 $7k offer
1:08 EURUSD 39-year trend line
2:13 EURUSD monthly chart
4:43 EURUSD daily chart
6:07 EURUSD 4-hour chart
8:14 Daily supply zone
8:58 4-hour trade plan
_______________ EURUSD Forecast _______________
I wrote about a 39-year EURUSD trend line on March 27th.
The pair fell below the 12-month trend line in 2022 and has tested it as new resistance in 2023.
For this reason, I continue to be macro-bearish on the EURUSD.
I’ll only flip bullish if euro bulls can reclaim the trend line above on a monthly closing basis.
But as long as the EURUSD remains below the 1.1100 region on the higher time frames, I favor looking for short opportunities.
Last week’s fakeout above 1.0950 played out perfectly on Friday.
Those who watched last week’s video could have shorted EURUSD on the first 4-hour close below the 4-hour trend line and caught a nice 85-pip selloff into the weekend.
Get the full analysis here:
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#forex #DXY #EURUSD
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Odd how I ran into this searching “swing trading”, I’m currently looking at eurusd closely on 4h and daily and potentially looks like a reverse, crossing fingers as a long of pips will be caught if it happens
Thanks you for analys very good
This one is not moving as expected, the price holds the above mentioned levels of 1.093/1.095,,am I reading it wrongly?
Hey Justin would you consider the Euro to still have a Bearish outlook?
Just recently subscribed and your analysis is spot on, even in real time. I’m a beginner trader and still learning the ropes.
Amazing analysis
The fact that you are ignoring the higher highs and higher lows being printed is quite astonishing. It can hold below the tl as you are showing but also be bullish at the same time. Youll have allot of explaing to do to your subs in a few weeks to come.