Let me start by saying I'm not a financial expert, I mostly publish these things for myself, and to see if anyone else can see what I'm seeing.
This is what I feel will happen, what the market is showing me.
Also I have a long history of losing money to EURUSD so take that for what it is worth.
Technical
Looking back price ranged from about July to November before going up.
Strong bullish movement occurred, with little consolidation.
Price dropped to an area of support.
The D TF has a COW formation, it is a reversal pattern, every candle is different like spots on a cow, at least that is how I've come to know it.
Fundamentals
I am looking for aggressive bullish movement on Monday, as we have news events that should impact the EURO positively.
I am bearish on USD
Knowing all of this, I'm looking for price to break this trendline, continue upwards to face the resistance of the previous high created, and eventually continue up to 1.25 to test those highs created in 2018
Simple right? We shall see.
I'm already in a trade, I'm looking to close a quarter of the position if price breaks past 1.23447
Personally, I feel it is going to be a great wk to trade the forex market. Lets hope we can all secure some bags, and if you see the same thing as I do let me know, also if you feel like price is going down, let me know that as well.
This is what I feel will happen, what the market is showing me.
Also I have a long history of losing money to EURUSD so take that for what it is worth.
Technical
Looking back price ranged from about July to November before going up.
Strong bullish movement occurred, with little consolidation.
Price dropped to an area of support.
The D TF has a COW formation, it is a reversal pattern, every candle is different like spots on a cow, at least that is how I've come to know it.
Fundamentals
I am looking for aggressive bullish movement on Monday, as we have news events that should impact the EURO positively.
I am bearish on USD
Knowing all of this, I'm looking for price to break this trendline, continue upwards to face the resistance of the previous high created, and eventually continue up to 1.25 to test those highs created in 2018
Simple right? We shall see.
I'm already in a trade, I'm looking to close a quarter of the position if price breaks past 1.23447
Personally, I feel it is going to be a great wk to trade the forex market. Lets hope we can all secure some bags, and if you see the same thing as I do let me know, also if you feel like price is going down, let me know that as well.