EURUSD 15 MIN Analysis // Potential bullish
I usually don't really look at the charts for long, but today I was just bored and had nothing else to do at work.
I trade London session btw. 9PM-1:30 AM (GMT-5). Practicing at the moment on DEMO to later do a challenge to get funded. :D Can't wait, but I can wait.
Missed a trade opportunity Monday. Tuesday there was no opportunity.
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The REASON why I think market is going bullish or potentially:
1. DXY (Dollar) is in a uptrend (15 MIN) but if market breaks previous low (creating a LL), I would consider it as a downtrend. Of course though it has to make a (LH) after that to be consider downtrend.
2. EURUSD is in a downtrend (15 MIN) overall but if market breaks previous high (creating a HH), I would consider it as a uptrend. And like I said of course though it has to make a (HL) after that to be consider uptrend.
NOTE****: Orange line is what I want EURUSD to break, to potential be an uptrend. If it does break I want to see a HL to form to take an entry. Would like to see it form in a demand area.
But overall we would just have to wait and see.
I trade London session btw. 9PM-1:30 AM (GMT-5). Practicing at the moment on DEMO to later do a challenge to get funded. :D Can't wait, but I can wait.
Missed a trade opportunity Monday. Tuesday there was no opportunity.
----------------------------------------------------------------------------------------
The REASON why I think market is going bullish or potentially:
1. DXY (Dollar) is in a uptrend (15 MIN) but if market breaks previous low (creating a LL), I would consider it as a downtrend. Of course though it has to make a (LH) after that to be consider downtrend.
2. EURUSD is in a downtrend (15 MIN) overall but if market breaks previous high (creating a HH), I would consider it as a uptrend. And like I said of course though it has to make a (HL) after that to be consider uptrend.
NOTE****: Orange line is what I want EURUSD to break, to potential be an uptrend. If it does break I want to see a HL to form to take an entry. Would like to see it form in a demand area.
But overall we would just have to wait and see.
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