Something to watch for on EURLFX I think
History seems to be trying to repeat itself, see from earlier we had a long white candle, then an indecisive candle, then a shooting star type candle, then a long bearish candle. We've got the long white candle, we've got the indecisive candle, so if history did repeat itself, we'd be expecting a shooting star type candle, however, I think we need to watch for a breakout here. The indecisive this time around had a higher low, a higher close, a higher open and a higher high than the previous indecisive. To me that indicates bulls are stronger this time around. Let's see.
History seems to be trying to repeat itself, see from earlier we had a long white candle, then an indecisive candle, then a shooting star type candle, then a long bearish candle. We've got the long white candle, we've got the indecisive candle, so if history did repeat itself, we'd be expecting a shooting star type candle, however, I think we need to watch for a breakout here. The indecisive this time around had a higher low, a higher close, a higher open and a higher high than the previous indecisive. To me that indicates bulls are stronger this time around. Let's see.