Was much wrong in my direction yesterday. I was looking for a move down first from PZ, lower high, but possibly for market to find support, make a higher low, before a move higher. But instead, market made an early higher low and rallied all the way to my target. But as mentioned before, the final price action could be a level to take counter trend move, and indeed, EURUSD hit 1.0823 and pulled back.
Price action is somewhat bullish but the rejection off from the top is suspicious. Now price is at the PZ, I would like to see how price reacts 1.0823 strong level. A rejection off here will be a short to 1.0785 where we will see the reaction there; either a break lower back to 1.0759, or if price bounce off, look for a move higher.
Overall trend is still up, so shorts will be considered countertrend.
Price action is somewhat bullish but the rejection off from the top is suspicious. Now price is at the PZ, I would like to see how price reacts 1.0823 strong level. A rejection off here will be a short to 1.0785 where we will see the reaction there; either a break lower back to 1.0759, or if price bounce off, look for a move higher.
Overall trend is still up, so shorts will be considered countertrend.
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