If you see my last analysis on EURUSD, it rallies up and test the beginning of WG. 5 consecutive bull bars in H4 timeframe means we are in always in long and you have to look for buy setups. Now LQ above 1.13222 is taken so I expect some correction of bull leg.
Remember that strong legs usually have 2nd leg. Also major trend reversals ( MTR ) factors are:
1) Break of Trendline/MA
2) Test the trend extreme
3) Reversal Up
We have break of trendline here and wait to see the trend extreme test if price wants to reversed up.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
1) Break of Trendline/MA
2) Test the trend extreme
3) Reversal Up
We have break of trendline here and wait to see the trend extreme test if price wants to reversed up.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Trade closed: target reached:
H4 bearish orderblock is now touched.
Comment:
Heavy sold off after Jerome Powell speaking !
