Look at my previous analysis of Eur Usd! The higher high is still forming but we can expect some kind of retracement around the next hot zone which should be somewhere in the area of the black trend line that I put on the chart.
So... Long a little bit more and then short! The best way to trade this is wait until price reaches the trend line and look for a pullback at this area...
So we are expecting a little bit higher ... for the higher high , and then we are looking for the next higher low....
This is of course Analysis for hour 4
So... Long a little bit more and then short! The best way to trade this is wait until price reaches the trend line and look for a pullback at this area...
So we are expecting a little bit higher ... for the higher high , and then we are looking for the next higher low....
This is of course Analysis for hour 4
Comment:
Update.... Price looks like it is in the Hot Zone Now.. so we are waiting for a Reversal in this area!