Could the bearish daily trend be about to continue?
Good morning traders!
I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved.
EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago.
Looking at the lower TF we are in a 1hr sell range and 4hr buying range.
Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities.
Whatever does happen I will remain Neutral and trade the market in the moment.
As always, trade safe EnvisionEJ
I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved.
EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago.
Looking at the lower TF we are in a 1hr sell range and 4hr buying range.
Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities.
Whatever does happen I will remain Neutral and trade the market in the moment.
As always, trade safe EnvisionEJ