when price come the support then buy and price touch the resistance then sell
And price break the resistance then wait for confirmation retest then buy more and sell in the next resistance
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an impulse , correction continuation pattern . We are currently sitting around the 0.786 Fib level that was rejected previously more than 3 times now.
Weekly : We we are forming a potential "W" formation and we rejected the quiet strong support...
This pair has had a decent bullish momentum as of lately; active long interest might come across as greed driven. Seemingly, the EUR bulls are looking to square off exposure, translating into an oversupplied market at least for a short-term correctional formation. The most prevalent scenarios are highlighted in the chart: bullish continuation in green and bearish...
