kaiserace13

EURUSD fake breakout, now what?

FX:EURUSD   Euro Fx/U.S. Dollar
49 2 0
Yesterday breakout after ECB announcement seems to be a fake breakout. The daily candle creating a long "foot". Learn from the history, if there is a long "foot" like this, it's the sign of reversal. The price now is above MA 200 but below EMA 21. I guess, it's wait and see time now.
kmk.msp
2 years ago
Its bullish pin bar for trend reversal
Reply
kaiserace13 kmk.msp
2 years ago
Is it similar with the candle on May 8? The difference is the May 8 candle is bearish pin bar?
Reply
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