Analysis on Euro’s Mixed signals. Where are the entries?
Seriously, where?
CryptoGoof
Euro Monthly candles shrunk which is bullish but a wick into support isn’t out of the question. In fact I’d expect it.
Weekly made a lower low so that doesn’t bode well.
We’re still in the wedge on the 12 hour so we could still break up between now and it’s apex.
Safest bet for a short would be a retest of the structural support, daily 50, or heck even wedge support as this could lead to continuation down into the area of confluence highlighted above.
The speed changes in the market seems to be the trickiest aspect of EU. Right now it’s in daily support, but no-man’s land on the monthly and weekly.
Waiting a session or two for setups and keeping an eye on volume at low timeframes seems to be the best option as it is most of the time on EU.