@syoung962 on EURUSD | PriceONN Community

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syoung962 PRO newbie
EURUSD Mar 4
This EURUSD action reminds me a lot of the early 2018 setup. We had a similar period of consolidation after a strong downtrend, followed by a false breakout to the upside before the real move downward. I'm not saying history will repeat exactly, but the chart patterns are eerily similar. Keep an eye on those lower Bollinger Bands.
EURUSD

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syoung962 PRO newbie Mar 4
Update: I'm initiating a small short position at 1.1635 with a stop loss just above the 50-day SMA. Targeting 1.1550 initially. Let's see if history rhymes!
EURUSD 1.16100 -0.18%
GBPUSD 1.34228 -0.30%
USDJPY 160.02800 +0.09%
XAUUSD 4,476.75 -0.24%
XAGUSD 73.95 -1.53%
BTCUSD 63,599 -5.90%
SP500 6,572.87 +0.74%
BRENT 98.17 -0.72%
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