I been long EURUSD for some time now. Let's take a look at charts:
Weekly and monthly are bullish. Daily chart broke head and shoulder necline. This is 4 month old pattern and saw massive breakout last week. Measured move takes us to 1.26. I like long consolidation patterns. There are no gurantees. If it fails ,it fails but just looking at probabilities here, i will add more to my position. Let's see how this one plays out. Also, keep an eye on USDJPY as it is sitting at weekly kijun and i am looking for short entires. I been long gold and silver from couple of weeks as well. Will post later on those.
Thanks for the read
Weekly and monthly are bullish. Daily chart broke head and shoulder necline. This is 4 month old pattern and saw massive breakout last week. Measured move takes us to 1.26. I like long consolidation patterns. There are no gurantees. If it fails ,it fails but just looking at probabilities here, i will add more to my position. Let's see how this one plays out. Also, keep an eye on USDJPY as it is sitting at weekly kijun and i am looking for short entires. I been long gold and silver from couple of weeks as well. Will post later on those.
Thanks for the read