The weekly and monthly upside projections have been reached. Price very often would start to retrace at this point hence that is what I am anticipating. I am bullish of the EURUSD hence I am looking to buy the dip at these liquidity pools I have identified on the chart.
Sometimes, after hitting range projections, the price also can go sideline for a period of time and continuing the trend. I hope not because I want to get on to this bullish train but I don't want to chase the price either (hence waiting for pullbacks).
If the institutions want to keep loading their dollar shorts/euro longs, a pullback indeed a necessary procedure to get more bullish liquidity by consuming sell orders in the downside. In over 13 brokers, the aggregate ratio between long and short for the EURUSD is 70:30. 70 for shorts, 30 for longs.
There are no economic data for both Euro and U.S, but there is a brexit risk and U.S China Trade talk PLUS there is the EU Summit going on right now.
Sometimes, after hitting range projections, the price also can go sideline for a period of time and continuing the trend. I hope not because I want to get on to this bullish train but I don't want to chase the price either (hence waiting for pullbacks).
If the institutions want to keep loading their dollar shorts/euro longs, a pullback indeed a necessary procedure to get more bullish liquidity by consuming sell orders in the downside. In over 13 brokers, the aggregate ratio between long and short for the EURUSD is 70:30. 70 for shorts, 30 for longs.
There are no economic data for both Euro and U.S, but there is a brexit risk and U.S China Trade talk PLUS there is the EU Summit going on right now.
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