The EURUSD broke the daily downtrend. It retested structure after breakout I am expecting a big move up. Looks like it will be an impulse leg so buying could be a good idea.
Thank you for your support.
Kommentar
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Since posting there has been aggressive buying pressure. A very good move to the upside, which I expect to carry on.
I hope you had your own trading strategy to trade this move when it started.
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Trader_Dale
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Based mostly on Market Profile and Price Action (daily charts) the strongest levels for short swings are 1.0710 and 1.0765. Heavy volumes were traded between those levels (accumulation) followed by strong rejection of higher prices resulting into renewed sell-off. I think that the sellers will be active there again.
Only thing to watch out for is ECB meeting on Thursday. Basically anything can happen there and I won't be trading during this event.
You can see my analysis here:
Only thing to watch out for is ECB meeting on Thursday. Basically anything can happen there and I won't be trading during this event.
You can see my analysis here: