#EURUSD - 18122024
I was bullish EURUSD yesterday but it made a new high then came down to level below, before recovering but closing with a bearish candle. Is the highs in? Or is this just a pullback for another leg higher.
This IMO, is a tricky question. With yesterday's bearish candle, I do see a move lower. Thus a possible scenario, if I am overall bullish, would be, for price to come down to clear the lows, before buyers come in and bring this higher. 1.0468 is thus a good level to go long off.
However, if price continues up from here, I would be wary of a pullback from a resistance above and 1.0516 is such a level. Of course, it can trade to 1.0516, sell down to 1.0468 then rally up to close green.
This IMO, is a tricky question. With yesterday's bearish candle, I do see a move lower. Thus a possible scenario, if I am overall bullish, would be, for price to come down to clear the lows, before buyers come in and bring this higher. 1.0468 is thus a good level to go long off.
However, if price continues up from here, I would be wary of a pullback from a resistance above and 1.0516 is such a level. Of course, it can trade to 1.0516, sell down to 1.0468 then rally up to close green.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.