Selling climax on EURUSD. A minor correction higher is likely

20 Şub 2020

Selling climax on EURUSD. A minor correction higher is likely here. Tested April 2017 gap and bounce.

20 Şub 2020

Not

Consolidation on 4H chart suggest a measure move to 1.08175 likely.

20 Şub 2020

İşlem elle kapatılmış

Stop raised to 1.07828. Too much selling pressure. Will have to trade lower for better buy signal bar.

21 Şub 2020

İşlem kapandı: hedefe ulaştı

Closeout the position measure move target reached and the breakout signal bar on the 4H chart isn't that strong. I think it will pull back before going much higher. The pair is still in a bear trend. So any reversal up is minor until a more substantial bottom in the form of a trading range is put in.