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Euro / U.S. Dollar
Long

EURUSD waiting Rebound

By miketiger
Updated
EU stay on downtrend, but filled weekly imbalance, but daily imbalance stay to be filled at 1.0780 area. Price can go up after or from here to 1.0918 resistance area. Now we wil get PD 50% at 1.08365 or at resistances 1.0842 or 1.0853. From there a new low or a small correction for upside after. Red areas FVG's on chart waiting to be taken.
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We are reversing. Everyone looking to PA and some indicators bearish and will stay short, so market wants that, will push up trapping sellers.
They pushed down to make double bottom as a gift for sellers that already close. On that way they eated on this drop all sl from buyers, now will push up to eat all SL from sellers
Comment
we are on a decision area on today PD ( 50% from today high to today low). We will go from here to 1.0850 or to 1.0777
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Trade closed: target reached
all Longs closed at 1.0890. Target reached
eurusdbuyeurusdlongeurusdlongsetupeurusdpredictioneurusdupdateTrend Analysis
miketiger

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