I gave several scenarios yesterday so of course one of time has to be right; one scenario I gave was a move higher first, to hit the strong level before a short from 1.0906 to 1.08664 and that worked perfectly well. I also said to go long at strong level at 1.0840. The lowest it hit was 1.0820 before the move up, now 1.0856. The other scenario I gave was a long from 1.0864 if market just come down from open; that was not valid.
Anyway EURUSD sold off yesterday but recovered towards the end of day. Price action is bearish and trend is down. Following my system it would be a short but I would rather not trade that today. I would either want to wait another day for a possible reversal candle to form to go long tomorrow or my hunch is calling for a potential bottom in yesterday, thus yes, am looking for upside today. A re-test and acceptance at 1.0834 is a long to target 1.0958.
A possible pullback could be at 1.0880 (IMO yes a price to go short from) but overall I am looking for upside today.
Anyway EURUSD sold off yesterday but recovered towards the end of day. Price action is bearish and trend is down. Following my system it would be a short but I would rather not trade that today. I would either want to wait another day for a possible reversal candle to form to go long tomorrow or my hunch is calling for a potential bottom in yesterday, thus yes, am looking for upside today. A re-test and acceptance at 1.0834 is a long to target 1.0958.
A possible pullback could be at 1.0880 (IMO yes a price to go short from) but overall I am looking for upside today.
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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.
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.