Disliked{quote} i like your charts, clear color, and good explanation. what's your view of EU in a larger TF?Ignored
I am an intraday trader, but here is a longer term outlook. Currently the EU is triangulating, but it did pierce the midrange triangle indicating strength ahead (see charts). The real entry already passed. I considered taking it, but the SL was too large for my style of trading. I take higher lots, shorter moves.
The daily has a number of indecision candles located at a good area indicating a higher probability for a reversal. For a longer term trade, I would 1) wait for a break of the 1.34130 level with a pending order, or 2) wait for the break then a pullback buy (safer). The target and SL are posted however, if the triangle is broken by falling PA then the trade is off.
Cheers