looks like EU is forming an ending diagonal. we are in an uptrend which we know is defined through higher highs and higher lows.
im going to be scaling down to lower timeframe for look for opportunities to the upside as a reversal seems to be already in play(nice) ...however when the market opens at 11pm (UTC+ South African) and should markets decides to breaks below key level/trendline support then this would be an indication of the trend changing, should this happens we reevaluate our analysis 7 move!!! we don`t lead the market we follow and wait for confirmation
im going to be scaling down to lower timeframe for look for opportunities to the upside as a reversal seems to be already in play(nice) ...however when the market opens at 11pm (UTC+ South African) and should markets decides to breaks below key level/trendline support then this would be an indication of the trend changing, should this happens we reevaluate our analysis 7 move!!! we don`t lead the market we follow and wait for confirmation
Trade closed: target reached:
secured some profits once we broke above right !
