TRADE OF THE WEEK | Swing Trading on EURUSD💰

21 Ağu 2022

Hey traders,

EURUSD is trading in a strong bearish trend.
Lows and highs are perfectly respecting the boundaries of a major falling parallel channel.

We were watching carefully its upper boundary to short the market from there.

Reaching its resistance, the price formed a double top formation on 4H time frame.
Its neckline breakout was a trigger for opening a short position.

The market bounced sharply after a retest of a broken neckline.

It looks like the pair will go even lower.

Great winner & perfect trade!

Did you catch this move?

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