Will not be surprised to see a pullback upwards for EURUSD.
1.1970 is a shark pattern PRZ short level for EURUSD.
Will be monitoring the volume around this level for potential short opportunity.
EURUSD is currently bouncing off H4 support nicely and the path of least resistance should be upwards for now.
Look out for abnormal volume (Black Color, Ultra High) when it reaches close to the Shark pattern PRZ.
Will update when it gets closer to my entry price
1.1970 is a shark pattern PRZ short level for EURUSD.
Will be monitoring the volume around this level for potential short opportunity.
EURUSD is currently bouncing off H4 support nicely and the path of least resistance should be upwards for now.
Look out for abnormal volume (Black Color, Ultra High) when it reaches close to the Shark pattern PRZ.
Will update when it gets closer to my entry price
Comment:
The close of this 1 hour candle is critical.
Close weak with high volume, the small shark pattern will be in focus.
Close high with high volume, it should move towards the bigger shark pattern on the original chart I posted.
Be flexible, trade how the market reacts.
The close of this 1 hour candle is critical.
Close weak with high volume, the small shark pattern will be in focus.
Close high with high volume, it should move towards the bigger shark pattern on the original chart I posted.
Be flexible, trade how the market reacts.
That super high volume candle during NFP will be difficult to overcome early next week.
I foresee a throwback to 1.17, then upwards to 1.1760/1.1770 before the downtrend resumes.
Have a great weekend all!