A closer look at Ej over the past few days shows show accumulation or re-accumulation going on. On this day, 7th April, major pairs of EURXXX were strongly bullish except this pair which I was hoping to get into.
Is the accumulation ready for spring action (upper trade idea) or a dive lower into the April lows (lower trade idea) be the springboard?
The market will show the way. I was watching out for a strong Bullish rejection at any of the lows (15mins or H1 tf) before entry can be initiated.
the overall trend is Bullish
H4 trend is bullish
safe trading
NB: This is not a signal, just an idea that is irrevelant to base your trade on.
Is the accumulation ready for spring action (upper trade idea) or a dive lower into the April lows (lower trade idea) be the springboard?
The market will show the way. I was watching out for a strong Bullish rejection at any of the lows (15mins or H1 tf) before entry can be initiated.
the overall trend is Bullish
H4 trend is bullish
safe trading
NB: This is not a signal, just an idea that is irrevelant to base your trade on.