EURUSD Long
Updated
We are still very much long bias at this point, however to make the big move, liquidity is needed and they have been collecting a lot of it recently. What I am expecting to see, is a break of from the flag/consolidation pattern, with a break on the short side to pressure the buyers to sell their position, while convincing new players into the market to go short, before going long very strongly cause they would not have the liquidity to do so.
Its a tough one, if we break towards the resistance price level, the trade will be invalid and we wait for future possible moves.
Its a tough one, if we break towards the resistance price level, the trade will be invalid and we wait for future possible moves.
Note
Had to enter the trade manually as it was less than a pip shy from activating the trade, but worked out exactly as we expected, hope you caught it on the way down as well. Again, focus on one pair that you will understand to the fullest, you will print money from there. Don't be a jack of all trades, master of none.
We now wait from the strong buy for the next few trading days, use a scale in approach.
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