EURUSD L
Aloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction.
Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month.
Another entry could be in the works with this ascending wedge continuation squeeze.
4HR: hovered on the 50ema after a bull run with the greater trend showing a higher low.
1HR: broke out of descending wedge/channel and squeezed up and over the 50 ema to just hover like the 4hr.
15M: bull flag. descending wedge, pullback, all very similar phrases can describe what is happening here but in my honest opinion, they all point to the similar long bias with a probability of it making a deeper pullback for a loss.
Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month.
Another entry could be in the works with this ascending wedge continuation squeeze.
4HR: hovered on the 50ema after a bull run with the greater trend showing a higher low.
1HR: broke out of descending wedge/channel and squeezed up and over the 50 ema to just hover like the 4hr.
15M: bull flag. descending wedge, pullback, all very similar phrases can describe what is happening here but in my honest opinion, they all point to the similar long bias with a probability of it making a deeper pullback for a loss.
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