Confused? here an idea how to play EURUSD
Technically very bullish, with higher highs and higher lows. But
as you see it kissed the daily 200 MA and closed both the old
and the new gap. Now a close above the 200 daily MA and a retest
would be your go long bias. Or it may bounce back up a little from the TL
give you a double top and reverse down and there you want to see
a break of the neckline that happens to be at the same level as the TL
a break down and retest would be your bearish trigger for short.
Questions? :D
as you see it kissed the daily 200 MA and closed both the old
and the new gap. Now a close above the 200 daily MA and a retest
would be your go long bias. Or it may bounce back up a little from the TL
give you a double top and reverse down and there you want to see
a break of the neckline that happens to be at the same level as the TL
a break down and retest would be your bearish trigger for short.
Questions? :D
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