Disliked{quote} Hi! Are you planning to sell again at 1802? That bull run from earlier has me nervous, haha! It looks like all candles are still closing with the previous daily ranges though. I have been trading EU for a year now and I have never been as mind blown as these last few days, haha..Ignored
The real problem is the MONTHLY chart... Since we had a breakout, many possibilities might play out (see image).
BUT all have one thing in common: It always goes up before it drops or if it doesn't drop at all... Some have little pullbacks that can't retouch the breakout line, some can retouch the breakout line and some just climb back above it...
Long story short: Every potential "rise" is causing hesitation even in smart money algos and future plannings, and I believe this can last for several weeks because the situation is based on monthly chart! So don't heavily invest in selling yet, but intraday wise it is okay to do so whenever below the mentioned levels.. My two cents
*the starting points of the arrows on the image represent the 1.1802 level..
Focus only on what truly matters!
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