In my yesterday's analysis on EURUSD for long, it actually didn't break the level i mentioned, so for now i am looking for 2 possible scenarios.
First Scenario:
Market is testing yesterday's lows, it could potentially break and may test the prior low as momentum on higher time frames is still strong so this could be one scenario.
Second Scenario:
As we have MACD divergence activity playing out, this could possibly break yesterday's lows and bounce, so kind of fake breakout.
So lets see how it unfolds, keep watching.
Trade Safe!
Thanks for your support.
First Scenario:
Market is testing yesterday's lows, it could potentially break and may test the prior low as momentum on higher time frames is still strong so this could be one scenario.
Second Scenario:
As we have MACD divergence activity playing out, this could possibly break yesterday's lows and bounce, so kind of fake breakout.
So lets see how it unfolds, keep watching.
Trade Safe!
Thanks for your support.
Comment:
Trade active:
A lovely run!
Trade closed: target reached:
Great run on FOMC, just risked 6pips on this trade, anyway Thank you for your support.
