seems like a fun intraweek trade put 40% of my trade portfolio in this and 60% in an EURUSD long so cya guys in 2 - 5 days :)
already back, moved my eyrysd longs +profits to gbpaud also stop lossed EURGBP short
been oversold for a while now great long to start your week
shorting this as the month/week chart looks bad as well
USD FX index is shit rn so i expect EUR to grow long long
shorting on this weak bounce right now, cyan square is my target
Last bullrun from this pattern resulted at +400% profits. ETF is on the run so this might be an huge possibility. HOWEVER the accumulation period was much longer than before so it might as bull towards a sweet 70k ish
I strongly believe that the previous distribution zone (USD11480+) doesn't work properly no more. We now pulled back towards a new accumulation zone (USD11436+) just to test new highs again.
The market is deciding if were currently in a "bear flag" or an "higher lower". I personally believe that we are in a so called "bear flag" as we will retest the down trend resistance of the past couple of months. I also strongly believe the range support of 10800 USD will do well creating a good buy opportunity.