I see an upward momentum on Daily and 4H charts - Weekly 1.13 held nicely last week with buying pressure pulling up the candle into green.
1. On a Weekly chart, I see a momentum building for further upwards move. As 200 MA turns upside, Euro most likely to test range highs of 1.148 - 1.15.
2. Entered the trade around 200 MA 4H levels when 4H candles...
Decided to share my trading ideas.
The LONG SQUEEZE is done, hence we want to go SHORT around 200 MA on 4H chart.
1. We see volume decreasing going into key 1.34 level, so psychologically traders are more likely to take their profits.
2. Daily candles are not trending - the structure is mathematically incorrect.
3. 200 MA plays the big part on 4H...