Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURUSD
Time-Frame : Daily
Biased
Neutral: A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and seen as the most recent trendline rejection was of the bottom support trendline , ill be waiting for price action to test the resistant trendline ( Circled area ) for potential shorts as the current market is bullish .
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline
Pair : EURUSD
Time-Frame : Daily
Biased
Neutral: A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and seen as the most recent trendline rejection was of the bottom support trendline , ill be waiting for price action to test the resistant trendline ( Circled area ) for potential shorts as the current market is bullish .
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline
