So many on Trading View almost exclusively trade EURUSD - and we've got a good opportunity coming up!
My outlook and views overall are no secret for EURUSD - but here's what the current scenario looks like.
Buying power is diminishing, look at your indicators, I can see the divergence just by looking at the candles and chart - confirm it with your indicators. Current strength on the 1 hour, however it hasn't pulled away which increases the chance for another rally to the upside. Topside strength and projected levels are shown.
See previous analysis for EURUSD regarding my ideal sell areas between 1.1350-1.1425 (we've already entered this area) but there is a chance to make a fresh high.
If we do make a fresh high, redefine the strength and get a good sell position in on a break of that. Targets will be look at where this buying power began near 1.11000 likely to be hit early next week.
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or can we adopt a intraday , going on a 60 or 15 mins chart to long with 1.13204 as the TP (bearish candle)?
there are as many proponents to long EURUSD now as compared to opponents who wants to short and this can be pretty confusing for a newbie
to make an informed decision.
Your advice is much appreciated. thanks