EURUSD OUTLOOK JAN 27 - 31
On the daily we had a choch on Wednesday and a continuation on Friday. Internal structure on the daily is bullish.
There is a good chance that we continue higher next week targeting the daily swing high. The black like shows simple market structure going towards the target. However if there is a bearish choch and internal structure remains bearish I will target the low.
There is also a possibility that there will be some sort of complex pullback. Early in the week if we get a daily choch but fail to go below the previous weeks low there is a possibility that price will continue higher on the lower timeframes but if that does happen I will do my best to share a good analysis.
For now this is what I'm sharing, be sure to do your own analysis and mark out key areas you would look to take trades at.
There is a good chance that we continue higher next week targeting the daily swing high. The black like shows simple market structure going towards the target. However if there is a bearish choch and internal structure remains bearish I will target the low.
There is also a possibility that there will be some sort of complex pullback. Early in the week if we get a daily choch but fail to go below the previous weeks low there is a possibility that price will continue higher on the lower timeframes but if that does happen I will do my best to share a good analysis.
For now this is what I'm sharing, be sure to do your own analysis and mark out key areas you would look to take trades at.
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.
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.