This week, my analysis has diverged from GU due to the bullish reaction in EU triggered by the NFP, causing a CHOCH (Change of Character) to the upside. The higher time frame structure has broken, creating clean demand zones. I now expect price to retrace to one of these demand zones before continuing its upward movement. If price continues to rise and fully...
Finally looking for some upside on EURUSD with 1.12600 been the best area for entry. Price is starting to push up now so an extended push on this could create a new trend to the upside with may change my entry areas slightly.
I've annotated my charts for your convenience. Enjoy!
higher highs, higher lows, i expect eurusd to touch 1.25 area, stops below 1.2040 current 1.2125
1. Price made a dip below the 1.077 level and quickly recovered above it. It trapped a lot of traders who treated this as a sell off and closed up above this level. 2. This second label is actually the second pull back. The initial pullback did not have a significant level. My entry proposal is based on this second pull back for a couple of reasons. i) Faster...
This it. The moment we've been waiting for lol. I see some already in position since the start of this month. EURUSD won't probably climb up to 2016 high within the year (1.55), but at least will climb to 1.14 esp if DXY gets weak. Weekly: Monthly: DXY: