I was bearish EURUSD for Friday, looking for a re-test of 1.0518 strong level for a rejection and move lower. However, the rejection came from an earlier level at the PZ and it gave an insane 160pips flush down hitting the strong level at 1.0334 perfectly before the recovery and today it gapped up and price is back to Friday's opening price.
I see this gap up as a possible change in trend, especially when Friday's low is at a key level. Thus for today, looking for a move higher, with 1.0422/56 as levels to look for longs to target 1.0600 near term.
I see this gap up as a possible change in trend, especially when Friday's low is at a key level. Thus for today, looking for a move higher, with 1.0422/56 as levels to look for longs to target 1.0600 near term.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.