{quote} Hello The Agha, welcome. I agree with you about the reversal. It bounces off from 1.15 well and have a likely target of 1.19 However, what i doubt about it is that, for now, EUR strength is nowhere to be seen. My feeling says that if it wants to get strength, It shuld get weaker first to gain many supporters. I would say a pullback to 1.155 or 1.16 will make quite a lot of buyers to go further. just my 2c
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Yes, I looked at the Charts again, using Daily, and I agree with you. I'm reducing my upward Target to 1.1780, and will Open a New Short from there SL: 1.1830, TP: 1.1625
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Depict history, predict future, and the area in between ...
{quote} Yes, I looked at the Charts again, using Daily, and I agree with you. I'm reducing my upward Target to 1.1780, and will Open a New Short from there SL: 1.1830, TP: 1.1625 {image}
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you sure about taking a new short? I don't see any hard resistance around there, and with the current EUR strength, if this continue, I think it may be possible to burst all the way 1.9. In any way, the uptrend weekly bar of EURUSD still gives a signal to buy. We just don't know when it will burst, that's why I always prefer entry after confirmation bar. It maybe late and I can get a worst price, but at least it has higher possibility.
But it's just me tho, you may have a better idea with your plan
{quote} you sure about taking a new short? I don't see any hard resistance around there, and with the current EUR strength, if this continue, I think it may be possible to burst all the way 1.9. In any way, the uptrend weekly bar of EURUSD still gives a signal to buy. We just don't know when it will burst, that's why I always prefer entry after confirmation bar. It maybe late and I can get a worst price, but at least it has higher possibility. But it's just me tho, you may have a better idea with your plan
Ignored
Yes, there is no hard Resistance,,, however, there is a Daily Supply Zone, which can be traded initially to see whats next.
Depict history, predict future, and the area in between ...
{quote} Yes, I looked at the Charts again, using Daily, and I agree with you. I'm reducing my upward Target to 1.1780, and will Open a New Short from there SL: 1.1830, TP: 1.1625 {image}
Ignored
I'm poseponing this Plan till I get a VSA signal at H4 level,,, @alveek
Means, I will not set a Pending Order, rather, wait for confirmation,,,
Depict history, predict future, and the area in between ...
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