Here to share my thoughts on the most traded pair in the forex market.
Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal.
I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the euro's weakness fades.
Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal.
I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the euro's weakness fades.
Trade active
Trade closed: target reached:
done and dusted!