The euro has reversed strongly from its range high at 1.18 with a weekly engulfing candlestick which implies weakness
Scenario A) Price continues to drop from the weekly open
Scenario B) A better risk:reward setup occurs after a rebound to 1.17, the 50% Fib of the bearish engulfing candle
Scenario A) Price continues to drop from the weekly open
Scenario B) A better risk:reward setup occurs after a rebound to 1.17, the 50% Fib of the bearish engulfing candle
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Signup to my newsletter:
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Market Analyst for:
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wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.