Hello Traders!,
What Is The Market Telling Us?
When Should We Enter?
What Is The Market Telling Us?
- Strong bullish momentum in the market after reaching 2-year low
- Price is over-extended as it is far away from 50EMA (Price always returns to MA)
- EUR strength could be at a hold after reaching supply zone made form early April
When Should We Enter?
- Best time to enter would be once a clear bearish pattern has been completed on the lower timeframe
- If price continues to rise slightly or there is no clear pattern, I expect a downside turnaround @119.00 level
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.