After observing the EURUSD making small trades along the way of my analysis. I was able to uncover a reasonable strength in a selling zone. That zone illustrates that amount of rejections received when price entered this zone. Under my investigation i was able to uncover two short opportunities during this investigation. Not approaching what what i will believe the peak of this analysis. Is a Long position past our; Selling resistance zone.
Why do i believe this may take.
1. Bullish divergence seen on 1hr 4hr.
2. This pressure is relentless attempts to break this price.
3. DXY- Not being able to hold strength all year.
4. Yellen speech Friday. If supports this. Big move up. if it doesnt. Well. opposite.
Why do i believe this may take.
1. Bullish divergence seen on 1hr 4hr.
2. This pressure is relentless attempts to break this price.
3. DXY- Not being able to hold strength all year.
4. Yellen speech Friday. If supports this. Big move up. if it doesnt. Well. opposite.
Ordre annulé:
This trade would of been exact. but because of news. i did not trade this.