I see a Bear Trap in the Price Range beetwen 1.1100 - 1.1160.
I my View we see new Highs in the EURUSD. First Target is the Area by 1.1250
In this Area is possible that Short Trades comes in the Market with Stops above 1.1270. But I see not potencial for a big downside move, which change the upward Trend.
Speculative Trader goes Long and carefully Trader wait the Monday move and a confirm if we see stable Prices, after the Friday weakness.
First Target 1.1250 and second Target 1.1350
Good Luck
Michael
I my View we see new Highs in the EURUSD. First Target is the Area by 1.1250
In this Area is possible that Short Trades comes in the Market with Stops above 1.1270. But I see not potencial for a big downside move, which change the upward Trend.
Speculative Trader goes Long and carefully Trader wait the Monday move and a confirm if we see stable Prices, after the Friday weakness.
First Target 1.1250 and second Target 1.1350
Good Luck
Michael
Trade active:
Sellers goes in the Trap. Now the Way is open for new fresh Highs
Trade closed: target reached:
Now we reach our first Target. Possible that on this Point, Sellers comes in the Market which have buy Stops in the area by 1.1280.
