Anticipating EU to finally make its long and awaited bull run starting today and into this week. Price is currently floating around the 1.15000 range now and cannot seem to break the 50 pip threshold below it or above it. Currently its sitting on a high turned low area in the market with 3rd elliot wave legs forming on H4, D, and W timeframes
On the weekly and month, price has rejected this demand zone for some time now and is forming double bottom style variations and inverted shoulder variations as well on the lower timeframes
With my understanding on how price moves and using candlestick analysis; we can see bullish moves starting to come out of the market.
On the weekly and month, price has rejected this demand zone for some time now and is forming double bottom style variations and inverted shoulder variations as well on the lower timeframes
With my understanding on how price moves and using candlestick analysis; we can see bullish moves starting to come out of the market.