My favourite pair did well during the NFP. Kept me safe and my analysis on profits.lol. So to this coming week, here are my predictions of the market. I have a descending triangle, reversal pattern forming, the market had given us a strong bearish move on friday with a closing candle being bearish so when we start the week Im hoping for a young retracement or continuation flag, some "rest" after this long short run, which I will label leg "e" as indicated as the lower highs are formed. I already entered my sell at 1.162 so now Im holding this position towards the fib level of 161.8 or as indicated using price action without fib ratios is the marked in blue 2x TPs. I also am feeling a strong bears coming with this pair as my previous Monthly analysis tagged here as EURUSD MN .
Happy Week Ahead Traders. Risk Management is key.
Happy Week Ahead Traders. Risk Management is key.
