The pair has been on a downtrend correction for the better part of May. However, on the monthly Timeframe, there is a strong uptrend, with monthly candles opening at the lows and closing at the highs. The buying pressure on the slower Timeframes might signal that this is just a correction, and we are most likely to see the bulls leave a deep wick to the downside before the close of this month's candle.
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That was an excellent price reversal. Already, the bulls are leaving a deep lower wick to the downside, as I indicated on the original idea.
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450 PIPS!. The momentum is due to the Reserve Bank of New Zealand decision to increase interest rates by 0.25 basis from 5.25 to 5.50 earlier today. Sweeet!
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600 PIPS!. 350 PIPS TO GO!. TAKE PROFIT @ 1.8050
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The market has been consolidating in a 200 pips range between 1.7600 - 1.7800. I am anticipating a breakout before/after the NFP announcement tomorrow before taking partial profits @1.8050.
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Price is taking its time, but we are still on an uptrend.
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600 PIPS!
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New highs made. The trend continues. 700 PIPS!
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New highs were made by the daily candle. We are approaching the 1.8100 daily resistance. I am anticipating a breakout and continuation of the trend.
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Just check the volume associated with the yesterday candle. Humongous volume !. This is nothing else but professional money coming in the market. According to the Commitment of Traders analysis on my youtube, the Non Commercial traders are heavily long on the EURO. Stay long!
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New highs made. The market is taking its time but the uptrend remains intact and the idea valid! 800 PIPS!
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800 PIPS STRONG !
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Anticipating a breakout and retest of the 1.8100 resistance before continuation of the bullish trend.
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New highs at 1.8170 !
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HOLD UP MY GUY !, 1000 PIPS !
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Beautiful breakout !, A retest of the resistance will give an opportunity to add more positions !
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1100 PIPS FLOATING !
Thedeveloper