tntsunrise

Alert!!!! EURUSD Weekly MARUBOZU, Be careful to short!

FX:EURUSD   Euro Fx/U.S. Dollar
971 4 57
Let's Take a look of the weekly eur chart.
This week, the bullish candle breaks
a long term down trend line
all the way from 1.39
and 1.1465 horizontal resistance is now also
broken.
Until now, the candle is forming marubozu
which is very strong bullish sign.
For anyone who want to short, please be careful
with the marubozu .
Where will Euro             Go?
Look the 1.272 ext and the long wick
1.1736 is the key level.
Last Week I published a chart for a BAT pattern
I have put my stop loss at 1.1740.
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Weekly became a hammer :P
Reply
IvanLabrie PRO Yahia.Awes
Today's a big day...let's see how it goes.
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Agreed, this is considerably bullish.
Shorting might only work for a retracement, but even then, you'd be better off by waiting for it to go higher.
Maybe it forms a butterfly or crab higher before turning down?
My target is higher than the first spike high, but it might form a bull flag before reaching it.
Reply
thank so much.
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