After the 8 weeks or so of rise, we need to see a great breather to the Downside. This volume profile shows in much simpler terms where the bulk volume has been in this range, and we shall come down to 140 and perhaps even below.. Lets ride this bad boy DOWN !!!
Man, it has been a big drag.
A lot of short sellers on this pair. Anything is possible in EURUSD, however the way it has held on 1.12 levels, we can go long for a long term trades.
Different arrows show the possibilities of the up moves.
For me being honest, by 1.16 I can close most of my positions, but keep an eye out for this. Can shock everyone.
Thanks,
Faisal
Keeping things simple.
As see on the Daily Fibs, we are at the 78.6% level. I expect this level to hold, and place a sell.
Can be very profitable as a lot of downside to be achieved.
Also hard resistance present at 114.511 levels.
good luck. Lets break the bank.
