For my previous post and context see below:
In the beginning of next week I'll be looking for a break out for the EURUSD. By means of the Green and Red arrows I tried to show my ideal scenario where we will see a test of the previous high on the 4 chart first after the anticipated break. Don't forget this high is a significant level that came in place after the high volume around the ECB press conference last month.
Therefore I like to see a consolidation/correction from that level. Once that consolidation/correction is over I will be looking to buy again for the next leg higher towards the Fibonacci confluence zone around psychological level 13.
timstuyts.com
facebook/timstuyts/
In the beginning of next week I'll be looking for a break out for the EURUSD. By means of the Green and Red arrows I tried to show my ideal scenario where we will see a test of the previous high on the 4 chart first after the anticipated break. Don't forget this high is a significant level that came in place after the high volume around the ECB press conference last month.
Therefore I like to see a consolidation/correction from that level. Once that consolidation/correction is over I will be looking to buy again for the next leg higher towards the Fibonacci confluence zone around psychological level 13.
timstuyts.com
facebook/timstuyts/
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Related publications
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.