EURUSD TA (Trader Analysis) :) Part 2

Updated

So far it is moving against the trend, but it is starting to look like resistance has been hit already. So we might not reach that ideal trap zone as shown on the right. Don't know for sure if this is a bullish triangle or a wedge, but i think the green and red zone (the range), will probably give us an answer.

For more info, read my previous analysis to understand what the plan is here.

Previous analysis:

Comment

Lovely, think the third or fourth EURUSD counter trade (going against sentiment here on TV, with no TA logic at all) i have show the past months, they all worked out.

It pumped quite a bit, so not sure if we will see that drop as that blue line suggests. Just need to wait and see how the coming days will develop.

Comment

Lol, already dumped, now fooling everyone who was short the past week and turned long since yesterday. Ideal spot for me, what i am waiting for, is mid 1.12x, so around 1.125, that might be a good long term entry, as i had planned a week or 2 ago.
But would need some bottom formation first. Unless we see a panic dump, like we had 2 weeks ago with the dump to 1.19ish. But don''t think it will go like that.

At the moment it is at a support zone though, it might hold, but so far no bounce so it's not likely.

botje11

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