The analysis from yesterday is going as expected and it confirms the direction that we were looking at.
And that gives us an opportunity to look for short positions today!
But there are a few conditions!
Do not enter a trade now. We're still waiting for ECB interest rate decision. That will cause volatility in the market.
It is also very likely that there will be some misleading moves and that will be our moment to make an entry.
We are going to be watching out for a certain price reaction in the selling zone and in case we see engulfing candles or long wick candles, then we're going to be looking for an entry.
EURUSD should not rise above 1,1880, otherwise this scenario wouldn't be valid!
If we see price pushing off of the zone then we could expect another downside move to 1,1700!
And that gives us an opportunity to look for short positions today!
But there are a few conditions!
Do not enter a trade now. We're still waiting for ECB interest rate decision. That will cause volatility in the market.
It is also very likely that there will be some misleading moves and that will be our moment to make an entry.
We are going to be watching out for a certain price reaction in the selling zone and in case we see engulfing candles or long wick candles, then we're going to be looking for an entry.
EURUSD should not rise above 1,1880, otherwise this scenario wouldn't be valid!
If we see price pushing off of the zone then we could expect another downside move to 1,1700!
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