There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit.
On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on the monthly, plus if you FIB the last bearish swing on the monthly price is at the 50% area of that FIB.
Last week printed a M on the daily & broke the neckline. Looking for the retest of the neckline and price to continue bearish. If price engulfs bullish I will adjust and look for buys
On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on the monthly, plus if you FIB the last bearish swing on the monthly price is at the 50% area of that FIB.
Last week printed a M on the daily & broke the neckline. Looking for the retest of the neckline and price to continue bearish. If price engulfs bullish I will adjust and look for buys
Trade closed: target reached:
This TP was hit around 4/10/24
