I expect price to make a final bullish push, while ultimately respecting the area of resistance.
- On the monthly time frame price closed as a reversal candle stick, hinting that the previously bearish sentiment is reversing.
-I am longterm bullish on EU but after the bullish push on the daily timeframe, I expect a sell off/retracement.
- I am looking for price to form a bearish candle stick reversal pattern such as a double top or a bearish engulfing candle stick.
-Once one of those are created, I will look to enter a sell with a TP area of 1.01, which is also acting as support, previously resistance.
- On the monthly time frame price closed as a reversal candle stick, hinting that the previously bearish sentiment is reversing.
-I am longterm bullish on EU but after the bullish push on the daily timeframe, I expect a sell off/retracement.
- I am looking for price to form a bearish candle stick reversal pattern such as a double top or a bearish engulfing candle stick.
-Once one of those are created, I will look to enter a sell with a TP area of 1.01, which is also acting as support, previously resistance.