EURUSD COSOLIDATION AND LIKELY BREAKOUT
EURUSD SEEMS BULLISH RIGHT NOW BUT..
WELL I'VE BEEN ON THIS PAIR FOR HOURS NOW WAITING FOR A COMPLETE REJECTION ON THE DAILY PREVIOUS LOW
IT SEEMS THAT'S UNLIKELY FOR NOW THAT PRICE IS SEEMING TO HAVE BREAK THE CONSOLIDATION ZONE
THE BUT SETUP IS STILL IN PLAY THOUGH AND I THINK THE SAFEST OPTION IS WAITING FOR A RETEST
FINALLY,
I THINK THE MARKET WOULD LIKELY GET A PULL BACK ON THE 0.236 FIB AND THE BEARISH MOMENTUM WOULD CONTINUE OR A COMPLETE REVERSAL IS IN PLAY
WELL I'VE BEEN ON THIS PAIR FOR HOURS NOW WAITING FOR A COMPLETE REJECTION ON THE DAILY PREVIOUS LOW
IT SEEMS THAT'S UNLIKELY FOR NOW THAT PRICE IS SEEMING TO HAVE BREAK THE CONSOLIDATION ZONE
THE BUT SETUP IS STILL IN PLAY THOUGH AND I THINK THE SAFEST OPTION IS WAITING FOR A RETEST
FINALLY,
I THINK THE MARKET WOULD LIKELY GET A PULL BACK ON THE 0.236 FIB AND THE BEARISH MOMENTUM WOULD CONTINUE OR A COMPLETE REVERSAL IS IN PLAY
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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.