Technical Updates
*EURUSD
- On daily chart, I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout.
- On the other hand in H1 chart, there is perhaps a minor bearish sentiments that attract me. EU price is strongly bearish since 2 weeks back, by break & closed below the daily support with strong momentum indicates bear is still in control for the mean time.
- Price now retest & if Price Action form & confirmed, I will short it once with 1:1 ratio of risks/rewards.
*EURUSD
- On daily chart, I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout.
- On the other hand in H1 chart, there is perhaps a minor bearish sentiments that attract me. EU price is strongly bearish since 2 weeks back, by break & closed below the daily support with strong momentum indicates bear is still in control for the mean time.
- Price now retest & if Price Action form & confirmed, I will short it once with 1:1 ratio of risks/rewards.
Trade closed: stop reached