EURUSD have finally break out of consolidation. I will be looking to long the retest, anticipating an AB=CD pattern. Look for bullish evidence at 1,06860 area!
Like if you agree, follow and support please!
Comment
⋅
It looks like it left without me. Tomorrow big news for EU and i maybe have another chance. We have for now a higher high and higher low, that's good for the trade.
we have not retested the 1.06860 area as of yet. Are you still looking to for a retrace back into that area? If not what are your thoughts on this setup as of yet. Do you consider the 23.6 fib level at the 1.07000?
PA-FX
⋅
@mophead38, If we make a new structure high from here i don't see that it will retrace back no. Watching this 1H candle that forming right now.
mophead38
⋅
@abozahra, bearish conviction closing above previous resistance. id expect it to retest as new support before a bullish rally . Am I missing anything?
mophead38
⋅
I have found bullish evidence on one hour chart, candle stick formation. 1 that indicates strong resistance, one doji signifying indecision, and if the next candle closes with full body bullish candle with almost no lower wick to signify bullish conviction, would you consider this enough evidence to take the trade?
PA-FX
⋅
@mophead38, yes i would :) i all that need to be in an area of value, a bit lower :)