It looks like EURUSD is forming a Wedge Top extended from the 20 EMA, presenting a Short Scalp opportunity targeting the move back to the EMA in the next few days.
Depending on how the current daily candle closes, this could be a good trade, so I'll be watching it today.
The bull trend is strong on this one, so we should expect a quick resolution on this short trade, otherwise, we have to cut it off quickly. I don't wan to be against this trend.
After the move back to the EMA, we will potentially have a Breakout Pullback opportunity to trade With Trend. So there's no need to rush.
Depending on how the current daily candle closes, this could be a good trade, so I'll be watching it today.
The bull trend is strong on this one, so we should expect a quick resolution on this short trade, otherwise, we have to cut it off quickly. I don't wan to be against this trend.
After the move back to the EMA, we will potentially have a Breakout Pullback opportunity to trade With Trend. So there's no need to rush.
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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.