***Possible*** EURCAD long depending on your rules for entry... waiting for the close of the daily candle and i'll be looking for long opportunities.
Equal Measured Move
Hammer candle forming
BCO took a hit
Bespoke support is located at 1.1274.
Daily Ichimoku Cloud top acted as support yesterday.
The selloff has posted an exhaustion count on the intraday chart.
Buying posted in Asia.
There is scope for mild selling at the open but losses should be limited.
Preferred trade is to buy on dips.
We look to Buy at 1.1274
Target 1: 1.1410
Target 2: 1.1448
So my first attempt to Short EUR/USD failed. That's ok. You can't and won't win them all in the trading business. The market does what it wants.
That said, in my previous post, I mentioned another shorting opportunity in the form of a Bearish Cypher Pattern on the 4H chart. Well, price action is now confidently moving very strongly towards the completion of the...
I've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me.
Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was...