Trade update and forecast. Running long took most of my % at the above range mitigation. Can easily pull back here and continue long or fill a larger imbalance below.
Remember we are trending long now and its likely we are going to take out the daily liquidity to the left and fill the large imbalance. Happy trading everyone
The major pair has finally given breakout of the falling wedge and rallied upwards and now facing rejection at the zone. If it continues to face rejection, a strong downtrend will start which can bring it back to the levels of 1.1800
". There is still a possibility of temporary retracement to the suggested resistance line (1.1824).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...