Greetings Fellow Traders,
So many on Trading View almost exclusively trade EURUSD - and we've got a good opportunity coming up!
My outlook and views overall are no secret for EURUSD - but here's what the current scenario looks like.
Buying power is diminishing, look at your indicators, I can see the divergence just by looking at the candles and chart - confirm it with your indicators. Current bullish strength on the 1 hour, however it hasn't pulled away which increases the chance for another rally to the upside. Topside strength and projected levels are shown.
See previous analysis for EURUSD regarding my ideal sell areas between 1.1350-1.1425 (we've already entered this area) but there is a chance to make a fresh high.
If we do make a fresh high, redefine the bullish strength and get a good sell position in on a break of that. Targets will be look at where this buying power began near 1.11000 likely to be hit early next week.
Feel free to comment/like/follow
So many on Trading View almost exclusively trade EURUSD - and we've got a good opportunity coming up!
My outlook and views overall are no secret for EURUSD - but here's what the current scenario looks like.
Buying power is diminishing, look at your indicators, I can see the divergence just by looking at the candles and chart - confirm it with your indicators. Current bullish strength on the 1 hour, however it hasn't pulled away which increases the chance for another rally to the upside. Topside strength and projected levels are shown.
See previous analysis for EURUSD regarding my ideal sell areas between 1.1350-1.1425 (we've already entered this area) but there is a chance to make a fresh high.
If we do make a fresh high, redefine the bullish strength and get a good sell position in on a break of that. Targets will be look at where this buying power began near 1.11000 likely to be hit early next week.
Feel free to comment/like/follow
