H4 flow is still down. Is this the end of the retracement. Continuation of down flow?
playing a tight range between 0.7570 to 0.7670 Entered trade around 0.7600
Looks like the pair is consolidating, i.e. chances for a higher retracement might be possible. Long to higher level before looking for short
Got to wait for next few hours for market to decide if it's time
cautious on the long side, very short term view
Shall assume the possibility of CD leg is there. In the middle of leg right now, shall stay on Long for time being until market tell me otherwise
Not saying that AUD would gain strength significantly, but a short term to test the highs look promising. Since 0.7700 is the resistance, hoping for price to retrace closer to 0.7600 again before entering into a long position
Consolidate 2 weeks. Potential break of trendline and targeting 1.3100 then evaluate further if 1.3200 is potential
Potential resistance at 0.7700 Waiting for a drop to below 0.7640 for confirmation of setup. Then targeting move below 0.7600
A close above 1.2985 is a must over the next couple of hours. Else, would invalidate the trade. Strategy: H1 Inverted H&S
Hard to guess if EURUSD is going to consolidate a while then break out of down trend channel, or it would continue its downward move. Having a small short position and continue to monitor market's price actions
While my position is still open, revisiting the big picture. Would not be an easy upward path.