Hey family,
EURUSD did stop me out, but that doesn't stop the show. I am going to sit on my hands to see how low price can go today then I'll reanalyze my new set up.
God bless,
-Shaquan
Disclaimer: This analysis is based on my own eyes. Please use your own analysis when trading.
Hi friends, the dollar index (DXY) and EURUSD are pulling back and into areas where we want to look for more trading opportunities. Since tomorrow is Friday, tomorrow's candlestick closure could be very telling about the price direction. This video shares my thoughts on the price movement on the indicie and currency pair.
If you found this helpful please like...
There is a short-to-long move here for the adventurous. ; )
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EURUSD is in a well defined trading range, entering an accumulation phase back in November. It is due for breakout. Until that time, the range play of trading the extremes works well. Wait until price reaches the extreme, and execute.
Caution: Let price indicate which extreme it wants to go to before entering a trade.
There is an opportunity to buy... then...
Price gave us the entry confirmations we were looking for, as described in the previous video.
Leave a LIKE and COMMENT if you benefited from the analysis, or have any questions regarding the trade idea.
Thank you for your support!
Gold has broken structure to the downside, and returned to the OB that impulsed down. It maintained the high of the OB, and dropped. This indicates price is maintaining the bearish momentum.
Now, price has formed a bearish OB, and presents two scenarios for opportunities.
Check them out with me.
Are you going long or looking for shorts? Leave me a comment on...
