Intraday trade idea on the EURUSD.
I see a reaction off a signature 2-day R2F Gap to give me a bullish bias to take price possibly to the highs.
For narrative, I see a signature 30m R2F Gap as a possible entry to take me up to the relative equal highs where my "low hanging fruit" objective lies. I have added confidence for the 2nd objective due to the trendline buyside liquidity on GBPUSD. However, this bias/narrative is still not ironclad as there have been a lot of N(D/W)OGs on the chart, at least for the FXCM data which I usually use.
Trade with caution.
- R2F
I see a reaction off a signature 2-day R2F Gap to give me a bullish bias to take price possibly to the highs.
For narrative, I see a signature 30m R2F Gap as a possible entry to take me up to the relative equal highs where my "low hanging fruit" objective lies. I have added confidence for the 2nd objective due to the trendline buyside liquidity on GBPUSD. However, this bias/narrative is still not ironclad as there have been a lot of N(D/W)OGs on the chart, at least for the FXCM data which I usually use.
Trade with caution.
- R2F
Komen:
If price comes to the relative equal highs before 3pm, I'd be even more cautious for a long continuation.
R2F