Here to share my thoughts on the most traded pair in the forex market.
Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal.
I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the euro's weakness fades.
Price is in a downward trend and has been for a few weeks now so basically I'm waiting for the euro to show some signs of strength to ride that reversal.
I have used the ellipse to show the area where I'm looking to take long positions provided that string reversal patterns are formed and the euro's weakness fades.
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done and dusted!