Hello everyone!
After the correction last Friday, overall EUR / USD is still on an uptrend even though it is weakening.
However, because a Double Top Pattern has been formed, it is possible that it will be corrected further before returning to the top.
Also if the next data release supports the dollar, the uptrend could be delayed as it might confuse the market for several days.
But if the next data release supports the dollar, the uptrend could be delayed as it might confuse the market for several days.
I am still holding my long position because I hope the EURUSD will reach the next resistance level of 1.23300, but… anything can happen…
Good luck and I wish you all good hunting…
Always use stop losses to protect your equity and trade at your own risk.
If you like my idea please like, share, and comment.
After the correction last Friday, overall EUR / USD is still on an uptrend even though it is weakening.
However, because a Double Top Pattern has been formed, it is possible that it will be corrected further before returning to the top.
Also if the next data release supports the dollar, the uptrend could be delayed as it might confuse the market for several days.
But if the next data release supports the dollar, the uptrend could be delayed as it might confuse the market for several days.
I am still holding my long position because I hope the EURUSD will reach the next resistance level of 1.23300, but… anything can happen…
Good luck and I wish you all good hunting…
Always use stop losses to protect your equity and trade at your own risk.
If you like my idea please like, share, and comment.