EURUSD plan worked out perfectly as per what was given, the direction was right and the algo levels worked perfectly to cap the lows and give setup for the up move as price based at PZ, moved above OP, re-test PZ and exploded, giving easily a 3.5R trade.
I did give a possible pullback off 1.0809 but we can see based on price action at that point of time, it is bullish, expect a pullback at most, not a reversal. And EURUSD indeed moved higher, now approaching next strong level.
Tricky now; no major news today; US unemployment claim is a major event but it is weekly, US NFP tomorrow; could EURUSD just range today, after a huge trend day, before trending again tomorrow on NFP? Could well be IMO.
But anyway, I am still bullish but I cannot discount the possibility of a move higher today too. I would not be interested to trade the breakout of 1.0846 for a move higher, but would be interested to look for longs in the event of a pullback for a move higher. Level to look for longs would be at 1.08 and 1.0788. If 1.0788 break, could well see a move lower to next level below, 1.0752 which IMO should give a good long for a possible move higher.
I did give a possible pullback off 1.0809 but we can see based on price action at that point of time, it is bullish, expect a pullback at most, not a reversal. And EURUSD indeed moved higher, now approaching next strong level.
Tricky now; no major news today; US unemployment claim is a major event but it is weekly, US NFP tomorrow; could EURUSD just range today, after a huge trend day, before trending again tomorrow on NFP? Could well be IMO.
But anyway, I am still bullish but I cannot discount the possibility of a move higher today too. I would not be interested to trade the breakout of 1.0846 for a move higher, but would be interested to look for longs in the event of a pullback for a move higher. Level to look for longs would be at 1.08 and 1.0788. If 1.0788 break, could well see a move lower to next level below, 1.0752 which IMO should give a good long for a possible move higher.
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