1. Do you trade the weekly?
2. Do you trade trends?
3. Do you thing we could have a trend change?
If you do here are my thoughts:
One could think that a correction is overdue, but bear in mind they can be overdue a long time. I think the bulls have 1.4 in mind before any correction. There is big option interest there. I would keep an eye on the daily where we had an inverted hammer and then an engulfing.
If you do not trade the weekly you might want to see what happens as this triangle on the hourly is broken.
2. Do you trade trends?
3. Do you thing we could have a trend change?
If you do here are my thoughts:
One could think that a correction is overdue, but bear in mind they can be overdue a long time. I think the bulls have 1.4 in mind before any correction. There is big option interest there. I would keep an eye on the daily where we had an inverted hammer and then an engulfing.
Attached Image
If you do not trade the weekly you might want to see what happens as this triangle on the hourly is broken.
Attached Image
DislikedThis is the first time I have seen 6 green candlesticks in a row on the EUR/USD W1 chart. Not sure what that means. I would suspect it is overdue for a correction south. Thoughts?{image}Ignored