FX.co ★ EUR/USD - the long scenario is canceled!

Good afternoon traders! Here is an analysis of the EUR / USD pair.

The article yesterday recommended working on long positions after a roll back:

Traders had the perfect entries but the ideal development was not followed.

Instead, a short initiative was formed yesterday which gave rise to a large pin bar in the daily chart.

Such cancels the initial scenario so close the long positions now in the trading chart.

In principle, this signals an upcoming decline. However, the targets (player's stops) are both at the top and at the bottom of the bar, so it is interpreted as "uncertain" instead. Wait for better trading positions before making any decision.

Good luck in trading and make sure to control the risks!