eurusd

23 May 2021

As for the daily TF we've been pushing up and we're now reaching a supply area where price could potentially react from seeing that allot of those who trade support and resistance will be looking to take shorts from there. If we go down to the 4hr to see how the structure is we can see how price failed to make a new higher high and has formed a DoubleTop (reversal pattern) we can also see how our previous low was broken by the most recent bearish candle. looking at this formation we can clearly see some bearish pressure, I would expect a lower high and then the next push to the downside.



This is not financial advice.