Price covered the previous inefficiencies (a little bit left to the downside but no space to go short short-term).
I would look for temporarily long (countertrend). And then when we cover the existing inefficiency I would go short again.
Euro rarely leaves such inefficient moves behind. Whenever you see a series of long candles with no pullbacks (illiquid runs on low volume, as price "gaps through" in search for liquidity and once it hits counterparty that fills all the demand price slowly drains back to where it busted from) - be sure price will come back to fill them. This and more is explained in great detail on - protradersclub.com/
I would look for temporarily long (countertrend). And then when we cover the existing inefficiency I would go short again.
Euro rarely leaves such inefficient moves behind. Whenever you see a series of long candles with no pullbacks (illiquid runs on low volume, as price "gaps through" in search for liquidity and once it hits counterparty that fills all the demand price slowly drains back to where it busted from) - be sure price will come back to fill them. This and more is explained in great detail on - protradersclub.com/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.