OncleJer

EURUSD at bottom of range, what to expect?

FX:EURUSD   Euro / U.S. Dollar
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9
EURUSD has been in a corrective pattern since 2015 and is currently sitting at the very bottom of that pattern.
We could potentially expect a pullback to previous lows at around 1.085
Price action gave us a ping bar followed buy a bullish engulfing candle.
Looking at DXY strenght, we will need a bit stronger confirmations in order to long the pair to the green zone above 1.08.
If price breaks from the range, trade will of course be invalidated.
Don't rush it, trade it safely, many opportunities will come.
Good luck
Comment: EURUSD is in strong consolidation, we might not reach the target we are hoping for on this pullback. Be careful, trail stop.
Comment: Gave us a sweat yesterday night on market open, still on the right path!
Trade closed: target reached: The pair jumped to the target before falling down, out of this one for now.

Comments

This was a wxyz correction !! You were supposed to sell at the end of Z when your1.085 hit and when it was supposed to end correction and resume downtrend !!
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YOU ARE LEARNING !
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OncleJer ChimbOt
@ChimbOt, :D
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