-This will be a biased opinion on EURUSD.
-We have witnessed 2 consecutive bearish days lately making the weekly chart close in to sort of kangaroo tail. The kangaroo tail is however bullish warning us not to downplay the bulls just in case we think of taking the bearish direction.
-Looking at the daily chart, there is wick to fill. Zooming in to the 4H we see that it closed bearish, nullifying the potential bullish pressure that was begining to mount. Notice that we have also benn witnesiing lower lows and lower highs as though a drop in bullish pressure.
-I may look to sell this pair in the open of Monday as i look to fill the wick left by Friday's candle.
-Price may or may not drop as low but trading the wick fill may yield smooth profits.
-We have witnessed 2 consecutive bearish days lately making the weekly chart close in to sort of kangaroo tail. The kangaroo tail is however bullish warning us not to downplay the bulls just in case we think of taking the bearish direction.
-Looking at the daily chart, there is wick to fill. Zooming in to the 4H we see that it closed bearish, nullifying the potential bullish pressure that was begining to mount. Notice that we have also benn witnesiing lower lows and lower highs as though a drop in bullish pressure.
-I may look to sell this pair in the open of Monday as i look to fill the wick left by Friday's candle.
-Price may or may not drop as low but trading the wick fill may yield smooth profits.
Note
This trade was a winner. Wick was filled as anticipatedNote
Hello Diary, if you read my analysis above, you will understand why i stayed out of the market for the week long. The market was confusing to me. It was an end month and true to my thoughts, there were a lot of unexpected moves. See you tomorrow for great trades
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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.