EURUSD in a similar situation like GBPUSD. Hovering around a local supply, while in a rising wedge formation, bur less sharp.
A break to the downside and break of the wedge might offer a similar setup to the downside.
A break to the downside and break of the wedge might offer a similar setup to the downside.
Note
Similar scenario as GU, but EU looks somewhat weaker against the dollar in local terms. But if we over shoot the zone, there might be more liquidity above.Note
EU is liveTrade closed: stop reached
Note
Looks like we got a double top en a big engulfing candle formation.Seems like a good re-enter at the next candle, unless it goes white and instant rising
Trade active
Live part 2Trade closed: target reached
TP 1 taken and small part still in to make up for the loss. GG
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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.