#EURUSD - 11122024
We caught the whole EURUSD move as per algo level path given yesterday; a move higher to re-test strong level at 1.0564 for a short down to 1.0500 level and a long to 1.0534, all played out to perfection.
I said that 1.0500 is a potential low and market bounced from it. Is the lows in? To be honest, based on the current price action on daily, it is not so easy to decipher. It does not look like a bottoming candle.
Thus IMO, EURUSD could make another move down to make a new low, but that get bought up to possibly form a reversal candle on daily to be called a bottom. Looking for a rejection off 1.0556 for a move down to 1.0476 for a long.
I said that 1.0500 is a potential low and market bounced from it. Is the lows in? To be honest, based on the current price action on daily, it is not so easy to decipher. It does not look like a bottoming candle.
Thus IMO, EURUSD could make another move down to make a new low, but that get bought up to possibly form a reversal candle on daily to be called a bottom. Looking for a rejection off 1.0556 for a move down to 1.0476 for a long.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.