I am currently looking at EURUSD and it seems like we might be about to see a continuation of the uptrend.
The price has formed a bullish engulfing pattern on the daily timeframe. This pattern is preceded by another bullish engulfing pattern that formed in the previous two trading sessions.
I will be waiting for the EURUSD open to see if there would be an opportunity to go long.
Then, I will be looking how the price will react to the 1.2500-1.2600 levels and decide if I want to take profits or let the trade run.
The price has formed a bullish engulfing pattern on the daily timeframe. This pattern is preceded by another bullish engulfing pattern that formed in the previous two trading sessions.
I will be waiting for the EURUSD open to see if there would be an opportunity to go long.
Then, I will be looking how the price will react to the 1.2500-1.2600 levels and decide if I want to take profits or let the trade run.