EURUSD opened at PZ and just rallied till the 1.0885 level given, got rejected before coming down almost 70 pips, almost hitting the initial buy level.
A huge rejection but it is still a green candle. Could it be a reversal candle? Higher low formed and trend is still up.
IMO better to trade later than earlier. Would watch 1.0851 on the reaction there; a rejection there could indicate a move lower, to target 1.0805, 1.0787 and 1.0759, while I would watch 1.0787 and 1.0759 for possible longs opportunities.
A huge rejection but it is still a green candle. Could it be a reversal candle? Higher low formed and trend is still up.
IMO better to trade later than earlier. Would watch 1.0851 on the reaction there; a rejection there could indicate a move lower, to target 1.0805, 1.0787 and 1.0759, while I would watch 1.0787 and 1.0759 for possible longs opportunities.
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