-I want to believe EURUSD is in an uptrend but looking at the chart and seeing the huge space to the left i think price has gone too far up and we could see it drop sharply
-Eurusd could be in a strong resistance zone and we could see it drop sharply.
-I dont know, will be placing my sell stop at 1.07550 and wait for price to come down.
-At 1.07550, price will have broken below the previous 4H candle and it will be a good signal to sell.
-If however price is still in an uptrend, i will wait for it to break above and retest 1.07900.
-Thank you.
Order cancelled
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Unfortunately, my sell stop never triggered
Comment
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Comment
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-After a an unsuccessfull break, EURUSD is back in the triangle.
-1.05400 has been the strongest zone so far. Will it hold this time round?
-Remember we are closing the quarter next week and traders around the globe are looking at this pair to plot their next move for the next quarter.
-If price close above 1.07000 then we may have a bullish April, If price close below 1.06600, and we may experience a very bearish April.
-That might be it for the week. Regards and enjoy your trading.