On the interest rate front: Market investors believe this conflict, the largest war Europe has faced since World War II, will prevent the ECB from taking any strong tightening moves in the near term. Also, the Fed is expected to have a 95% chance of raising rates by 25 basis points at its March meeting, and the invasion ended market investors' speculation that the...
Price tested the resistance zone in a corrective manner forming a bearish continuation pattern, this confirms to me that price is still going bearish. PPI is to be released in less then 20 minutes and this will surely move the market.
I see the low this week now has been taking out, early in the week drawing towards the biggest pool of liquidity. I think price will start reversing i will look on the 1M for shifts and get in for some longs.
EUR/USD🇪🇺🇺🇸 is going to be rejected by the strong Resistance as suggested by the RSI overbought. If the price will manage to break the uptrend we will drop further here.
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Trading in long side is safe if price 1.08099 above this level.
Stop-loss - 1.08099 below
Question: Where should I enter?
Within the few hours, correction wave excute and refer to buy-zone for entry.
Waiting for direction.
Observe Price on the larger and smaller fractal scale. Each pattern not simply acting on its own but blending to make a complete whole.
reversing off the 1.1330 under median line lower parallel.
Short term sell only, looking to buy in again on a key level.
