The market is currently moving up to the next level of resistance for a long term set up. It is very possible that the next level of resistance could be the 200MA.
Since the market is moving I can only predict what the market could do if it were to react at the next resistance level.
EURUSD could react at the 200MA creating price action. IF the market set itself up for a sell at the 200MA, I would like so see the market sell BUT NOT PASS the pervious higher low. Once the market forms a higher low, the market could make a move to go past the pervious high, creating a higher high. Possibly seeing this market break the 200MA and go higher.
I just have to be PATIENT to see what the market could do next. We all know the market could either buy or sell, its about the anticipate and what I would like to see in order to enter the market.
Since the market is moving I can only predict what the market could do if it were to react at the next resistance level.
EURUSD could react at the 200MA creating price action. IF the market set itself up for a sell at the 200MA, I would like so see the market sell BUT NOT PASS the pervious higher low. Once the market forms a higher low, the market could make a move to go past the pervious high, creating a higher high. Possibly seeing this market break the 200MA and go higher.
I just have to be PATIENT to see what the market could do next. We all know the market could either buy or sell, its about the anticipate and what I would like to see in order to enter the market.
