FX:EURUSD Looks like an accumulation pattern is forming above 1.2100 and I will take advantage of it. It is early NY session, I am setting another trap. Last one was very accurate to the pip!
So finally price has reached the 1.2100 objective with a lot of momentum. I spot a nice trendline holding today through London. I expect retracement into the trendline during NY session to continue towards 1.22300 for next objective.
Weekly objectives have been reached at 1.2000 now, price seem to have flipped direction as it has switched from bearish to bullish on my trendline. I am looking for a return to 1.2100 from here.
The trend is strong and price is near 1.2000 my final target for the week. I am taking a short with respect of the price touching the true trend. it is end of day asia session i do not expect a lot of manipulation.
I have observed a bullish trendline form before London session. The trendline is now broken and it is London session hence I am selling from the retest into 1.20500.
