following up on my previous post on one one bullish outcome or the pair, here is a suitable short term play, i it may.
so the weekly price action has been trending profit taking gear to finally test the monthly bulls retest ie the red line.
now i a third bounce o an upper trendline in a bearish liquidation is rejected, price is subjected to a double bottom followed by a strong rally. which looks to be the case on deck with EURUSD atm {a the moment}
i weekly price closes as a rejection as it is pretending to do so atm {at the moment}, next stop would be anywhere post 1.1450
so the weekly price action has been trending profit taking gear to finally test the monthly bulls retest ie the red line.
now i a third bounce o an upper trendline in a bearish liquidation is rejected, price is subjected to a double bottom followed by a strong rally. which looks to be the case on deck with EURUSD atm {a the moment}
i weekly price closes as a rejection as it is pretending to do so atm {at the moment}, next stop would be anywhere post 1.1450