EURUSD Bull Accumulation. Waiting for confirmation
Updated
Hi FPCheaters,
As we can see the current H1 momentum is bullish marked by a reversal on the first yellow box as MMs dump prices below half level and increase buying volume. Another dump below quarter levels this afternoon during AS before running a good 80 pips. Another run down below half level with notable volume again. MM has been really busy today so my sentiments are still bullish for this pair. We should wait for a nice PA wave confirmation and higher low before setting an EP.
Trade safe!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
As we can see the current H1 momentum is bullish marked by a reversal on the first yellow box as MMs dump prices below half level and increase buying volume. Another dump below quarter levels this afternoon during AS before running a good 80 pips. Another run down below half level with notable volume again. MM has been really busy today so my sentiments are still bullish for this pair. We should wait for a nice PA wave confirmation and higher low before setting an EP.
Trade safe!
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Trade active
EP was made at 1.08529, when the wave #3 leg broke out of the dragon
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