EURUSD Expect short term reversal move

1 Oca 2021

Hi everyone:

Also looking good for potential reversal is EURUSD.

Here we see price formed an ascending channel within the larger parallels channel, then price pushed down to show us some LTF bearish momentum.

Since price is still within the channel, waiting for extra confirmation with a continuation correction on the LTF would be ideal.

Alternatively, if price bounce up from the bottom of the channel, then look for a reversal from the top.

Thank you

11 Oca 2021

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