A very short term buy Opportunity. Please share your opinion.
I see this to be a good short-term opportunity to go short on the EUR/USD. Please share your opinion.
If you have got a chance to look at the previous trade idea that I posted (using the 240 minute chart), I am bullish on EUR/USD and targeting the 1.5000 level for profits. I will be adding to my position size if the the price retraces to the point indicated on the chart. Would highly appreciate your feedback and opinions.
I believe a triangular pattern in forming on the lower time frame EUR/USD Chart. I was initially hoping for the price to retest the 1.3500 level. However, it seems the price is more likely to go bullish once the triangle is broken. Just my opinion!!!
The candlestick formation suggests an upward movement.
Engulfing pattern formed on the 1 Hr chart gives a strong sell signal. In addition to that, the pair is less likely to move to the 1.3993 level today as it failed to do so on the major news releases today. This presents a nice short opportunity.