As we can observe on the daily chart, a super strong bullish engulfing pattern has formed. 1# candlestick is a dragonfly doji candlestick, with a very long lower shadow. 2# is a strong bullish candle, which confirms the strong dragonfly doji. This indicates, that a huge press from the buyers has emerged, in a short time. This, combined witch the bullish trend...
A big correction is due soon, but when??
Greetings Fellow Traders, Hopefully you've taken a look at my Super Trend analysis for EURUSD that remains current on the weekly scale, I followed up recently with a Drill Down to see how we've progressed. This chart is to show some current market movements that could give you reason to go long/short in the very near future for short to medium term...