EURUSD - Seller gaining strength. Buyer last attempt.
1. Buyers unable to sustain breakthrough
2. Buyers managed to halt sellers (sell high buy low) attempt and test for second breakthrough - strong buyer sentiment.
3. Breakthrough failed and buyers unable to halt seller attempt.
4. Notice the latest W1 candle close near previous low. This usually signifies a coming buy attempt as sellers are unable to push be beyond that low point.
Verdict: Due to the volatile nature of both buyer and sellers, where i do not observe a clear dominant player between buyer and seller, I do not see any opportunity for this week.
I do notice a small opportunity based on gut feeling where price will move up 500 points in 7 days.
2. Buyers managed to halt sellers (sell high buy low) attempt and test for second breakthrough - strong buyer sentiment.
3. Breakthrough failed and buyers unable to halt seller attempt.
4. Notice the latest W1 candle close near previous low. This usually signifies a coming buy attempt as sellers are unable to push be beyond that low point.
Verdict: Due to the volatile nature of both buyer and sellers, where i do not observe a clear dominant player between buyer and seller, I do not see any opportunity for this week.
I do notice a small opportunity based on gut feeling where price will move up 500 points in 7 days.
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