EURUSD - Chart went up nicely today as expected
Looks like we got ourselves a nice bullish jump as expected.
1D: For now we see a comeback to the ascending trendline that start on may 14th. For now today's and yesterdays candle stick patterns combined seem to show a trend reversal. Why? because today was a good day and markets we're pushing prices up, but also because the candlestick pattern shows us a 'piercing line' which is a possible trend reversal signal. Let's see where we're standing tomorrow.
Also checkout my previous TA linked below for a multiple timeframe analysis.
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
1D: For now we see a comeback to the ascending trendline that start on may 14th. For now today's and yesterdays candle stick patterns combined seem to show a trend reversal. Why? because today was a good day and markets we're pushing prices up, but also because the candlestick pattern shows us a 'piercing line' which is a possible trend reversal signal. Let's see where we're standing tomorrow.
Also checkout my previous TA linked below for a multiple timeframe analysis.
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Comment:
1H: On the short-term the chart might decline a little and then will go up again.
