Good morning, everyone. Here on EURUSD I see a possible 100% retracement back to the previous candle before fundamentals dropped which caused that huge spike. This morning during London session, the market created a new high possibly trapping buyers who were expecting another breakout to the upside. I expect this to fall all the way back down, however, in order for this move to be confirmed IT MUST trigger the sell stop. If order is never triggered and it continues to go higher, than no harm, no foul. Once market retraces 100%, I expect it to start making new higher highs and higher lows until it reaches resistance at 1.11110
Hope this helps, and please don't forget to follow and comment below. Happy Trading!!!
Hope this helps, and please don't forget to follow and comment below. Happy Trading!!!
Order cancelled
EURUSD seems to be climbing to the next resistance zone, potentially to close the gap. OB zone now is a point of interest for the near future. Pending order was not triggered, so no harm, no foul.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.