Check out my previous 2 ideas done on EURUSD to get a better picture if interested.
Three of many counter argument you can have over my previous analysis.
1. Long term downtrend being mitigated
2. On going Cup & Handle formation
3. Possible future (bigger) C&H formation
All three indicate upside.
Also, for each of the above
1. Price can easily reject, as it's done previously
2. Targets don't always reach
3. Wait for actual formation
There are always arguments, counter arguments and counter counter arguments to be made. All we can do is speculate and be patient. Markets will eventually leave a clear footprint.
No trades to be taken on this pair for now by me. As soon as I see something I will post, stay tuned.
Thank you,
EURUSD
EURUSD
DXY
DXY
Three of many counter argument you can have over my previous analysis.
1. Long term downtrend being mitigated
2. On going Cup & Handle formation
3. Possible future (bigger) C&H formation
All three indicate upside.
Also, for each of the above
1. Price can easily reject, as it's done previously
2. Targets don't always reach
3. Wait for actual formation
There are always arguments, counter arguments and counter counter arguments to be made. All we can do is speculate and be patient. Markets will eventually leave a clear footprint.
No trades to be taken on this pair for now by me. As soon as I see something I will post, stay tuned.
Thank you,
EURUSD
EURUSD
DXY
DXY
Trade active:
Could this be the bigger C&H?
To be clear I'm not saying it should play out this way, just always nice to have a look at different perspectives to make your own decisions.
Till next time, enjoy!
To be clear I'm not saying it should play out this way, just always nice to have a look at different perspectives to make your own decisions.
Till next time, enjoy!
