CONTINUATION PATTERN THESIS ON THE EURUSD.
Updated
Through the week anticipation has been high but nonetheless its best to trade what you feel comfortable with.
Thesis outline;
. 4h supply zone (where we initially started the bearish momentum)
. various form of price action directed to the upside, i think the EURUSD might still be attracted to the 4hr supply zone .
. Bullish pennant formed as seen on chart this is basic continuation pattern, and i anticipate a break and rest on lower timeframes and take it all the way to fill in the 4hr supply.
. CPI tomorrow
. yet to see any reversal pattern on the EURUSD, so i might as well just tag in on the trend which started as of last month
NO financial advice , just personal sentiment on what can possibly happen. tell me what you think.
Thesis outline;
. 4h supply zone (where we initially started the bearish momentum)
. various form of price action directed to the upside, i think the EURUSD might still be attracted to the 4hr supply zone .
. Bullish pennant formed as seen on chart this is basic continuation pattern, and i anticipate a break and rest on lower timeframes and take it all the way to fill in the 4hr supply.
. CPI tomorrow
. yet to see any reversal pattern on the EURUSD, so i might as well just tag in on the trend which started as of last month
NO financial advice , just personal sentiment on what can possibly happen. tell me what you think.
Note
continuation pattern confirmation (Bullish pennant successfully broken)Note
TP hit position closed
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