Really down to the detail in the market now, reading candles to see where market is going. small advice, dont be biased around these times, matter fact never be biased; be open to all situations....from my previous analyses, we got eur/usd right where we want it on the trend line at 1.23
I drew a circle around those candles in the 1hr timeframe because I spotted a morning star formation and on top of that, looks like we may be having a harami forming to follow; to translate this to beginners, might be having a bounce that'll happen. still unsure but all signs at the moment are telling me that we can get a bounce, but that bounce won't be enough to break the 1.25 resistance, we need more supply in the market to have a strong demand on the bull return. Lets go, ready for all outcomes.
I drew a circle around those candles in the 1hr timeframe because I spotted a morning star formation and on top of that, looks like we may be having a harami forming to follow; to translate this to beginners, might be having a bounce that'll happen. still unsure but all signs at the moment are telling me that we can get a bounce, but that bounce won't be enough to break the 1.25 resistance, we need more supply in the market to have a strong demand on the bull return. Lets go, ready for all outcomes.
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and its a break with the Black knights and we've reached a major support, will this be a false break out or will we get a reversal, lets see.
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if the next hour candle following this one a a bullish candle which engulfs the last two, then I am pretty sure we'll get our reversal, but another drop would be nice for a bull target passed 1.25
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now on to the 4hr chart, looks like we may be getting a hammer at the close of this candle and if we get a nice bullish candle to follow, that'll be perfect for a reversal
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and look at that battle, great results Got in at 1.2305 and 1.2330 and pips are coming in
