EURUSD may likely be ready to make a new 2-year high after a break above the upper channel of the expanding triangle, a pullback will be an ideal long trade entry on this pair in order to reduce Risk/Reward. Expected a push towards 1.22000 before being rejected and fall to test a support (or the upper channel) again.
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
sir, With Kind Regards, EU Is On 61.8% Retracement level on H4 and also Respecting Trend line From the above, So, In my opinion its a sell because eu is respecting all the Major factor for Bearish move... plz Inlighten me why i am wrong... thanks
BullBearMkt
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@Cyberwolf1, Thanks for your question. With the current move of EURUSD, I think 78.60% Fib level looks stronger than 61.8%. Also, What I termed Bearish Order Candle are at much higher level thank 61.8%. I see your argument, but you know what? All analysis can either be right or wrong, it all depends on your Risk/Reward & Money Management. That's how you make money in the financial market.