PURE PRICE ACTION
TECHNICAL ANALYSIS ON EURUSD FROM WEEKLY TO 4H. FROM THE WEEKLY PERSPECTIVE PRICE HAS BREAK OUR LONG TERM DESCENDING TRENDLINE AND ALSO THERE'S A BULLISH ENGULFING , WHEN I SAY BULLISH ENGULFING I MEAN PRICE HAS FULLY ENGULF THE WEEK BEFORE THIS RECENT ONE TO THE UPSIDE.
FROM THE DAILY PERSPECTIVE WE CAN SEE THAT PRICE IS APPROACHING A WEEKLY RESISTANCE FROM MY CHART. WHAT WE NEED TO DO IS TO WAIT FOR PRICE TO BREAK THE RES FOR LONGS OR IF WE FIND SOME REJECTIONS THEN WE SHOULD BE LOOKING AT GOING SHORT BUT FROM MY OPINION 'M SURE THERE WILL BE A PULLBACK BEFORE CONTINUING HIGHER.
FROM THE 4H WE BROKE A RESISTANCE LEVEL WHICH SHOWS THE BUYERS ARE IN THE GAME. WE ALSO FULFILL MY -27% FIB EXTENSION, IF WE CAN BREAK THE WEEKLY RESISTANCE THEN I THINK WE WILL ALSO FULFILL THE -61.% FIB.
THANK YOU FOR YOUR TIME , HOPE YOU ENJOYED MY OPINION.
DROP A COMMENT ON WHAT YOU THINK.
TECHNICAL ANALYSIS ON EURUSD FROM WEEKLY TO 4H. FROM THE WEEKLY PERSPECTIVE PRICE HAS BREAK OUR LONG TERM DESCENDING TRENDLINE AND ALSO THERE'S A BULLISH ENGULFING , WHEN I SAY BULLISH ENGULFING I MEAN PRICE HAS FULLY ENGULF THE WEEK BEFORE THIS RECENT ONE TO THE UPSIDE.
FROM THE DAILY PERSPECTIVE WE CAN SEE THAT PRICE IS APPROACHING A WEEKLY RESISTANCE FROM MY CHART. WHAT WE NEED TO DO IS TO WAIT FOR PRICE TO BREAK THE RES FOR LONGS OR IF WE FIND SOME REJECTIONS THEN WE SHOULD BE LOOKING AT GOING SHORT BUT FROM MY OPINION 'M SURE THERE WILL BE A PULLBACK BEFORE CONTINUING HIGHER.
FROM THE 4H WE BROKE A RESISTANCE LEVEL WHICH SHOWS THE BUYERS ARE IN THE GAME. WE ALSO FULFILL MY -27% FIB EXTENSION, IF WE CAN BREAK THE WEEKLY RESISTANCE THEN I THINK WE WILL ALSO FULFILL THE -61.% FIB.
THANK YOU FOR YOUR TIME , HOPE YOU ENJOYED MY OPINION.
DROP A COMMENT ON WHAT YOU THINK.
I REALLY APPRECIATE THEM. THE EURUSD ALSO PLAYED OUT AS I WAS EXPECTING SOME REJECTIONS AT MY WEEKLY RES FOR A PULLBACK