Last week i posted about a bearish crab + deep crab completing around 1.1170.
This week it reached this level but it has yet to break any support trendline for first confirmation of weakness.
Today, it went higher, breaking previous highs.
Some weeks, it is just about being patient and not trading when it does not meet your rules.
looking at the big picture, I see EURUSD potentially completing this bigger bat around 1.14, this could mean stock markets breaking new highs and USD weakness to continue.
if you look at DXY (US dollar index), we can see it potentially completing a bullish bat much lower.
Therefore, I am now bullish bias on EURUSD and might look to buy on 15 minute bullish patterns or wait or 4 hour bat to complete before evaluating whether to go short on it.
Good luck and good trading guys!
This week it reached this level but it has yet to break any support trendline for first confirmation of weakness.
Today, it went higher, breaking previous highs.
Some weeks, it is just about being patient and not trading when it does not meet your rules.
looking at the big picture, I see EURUSD potentially completing this bigger bat around 1.14, this could mean stock markets breaking new highs and USD weakness to continue.
if you look at DXY (US dollar index), we can see it potentially completing a bullish bat much lower.
Therefore, I am now bullish bias on EURUSD and might look to buy on 15 minute bullish patterns or wait or 4 hour bat to complete before evaluating whether to go short on it.
Good luck and good trading guys!
