EUR/USD - Some Strength slightly earlier than expected
Updated
In my previous analysis I indicated I am looking for a long entry on this pair. I was expected strength to show up around the 1.400 range, but the 1.430 area (also a FIB ZONE) is showing some signs of strength.
If you look left, this is a previous high volume resistance zone, now serving as possible support.
Too soon to call it, but with some other support zones below it we could be looking for an a LONG entry earlier than expected...
Price is still respecting the 5-MIN 14EMA.
Looking for a 5-min no supply and a cross of the 5-MIN 14EMA on the top side of the 1.4300/FIB confluence area where strength has shown itself recently.
If you look left, this is a previous high volume resistance zone, now serving as possible support.
Too soon to call it, but with some other support zones below it we could be looking for an a LONG entry earlier than expected...
Price is still respecting the 5-MIN 14EMA.
Looking for a 5-min no supply and a cross of the 5-MIN 14EMA on the top side of the 1.4300/FIB confluence area where strength has shown itself recently.
Trade active
5-Min close above 14-EMA/AR test and a no supply confirmation. I'm in.
Trade closed: stop reached
still too much selling. taking a loss and watching for signs of strength.
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