EURUSD Analysis Update 2 !!
Morning Godal Member's, Traders and Aspiring Traders todays shared post is an update post on EURUSD
Pair : EURUSD
Time-Frmae : DAILY
Outlook: After identifying a potential head and shoulders formation in the previous post . The over extended lower low has provided the retracement / pull back we was waiting for . Which also provided some intra-day trades but based on what's being focused on in this post price action is now located close to the allocated resistant area where we wanna wait and see how price reaction reacts in this area on the lower time frame where entry criteria is found for potential further downside.
to the neck line of the head and shoulders to complete the pattern for potential further downside.
* What was added to the chart *
Theres signs occurrence off
potential early continuation
after a pullback.
Could we potentially
see early retracement ?
Could we potentially come
across entry criteria ?
Maybe
BUT we are going to
remain patient because
1.Its friday and this is not a
intra-day trade.
2.Theres still room for a deeper pull back
in the new week coming .
Pair : EURUSD
Time-Frmae : DAILY
Outlook: After identifying a potential head and shoulders formation in the previous post . The over extended lower low has provided the retracement / pull back we was waiting for . Which also provided some intra-day trades but based on what's being focused on in this post price action is now located close to the allocated resistant area where we wanna wait and see how price reaction reacts in this area on the lower time frame where entry criteria is found for potential further downside.
to the neck line of the head and shoulders to complete the pattern for potential further downside.
* What was added to the chart *
Theres signs occurrence off
potential early continuation
after a pullback.
Could we potentially
see early retracement ?
Could we potentially come
across entry criteria ?
Maybe
BUT we are going to
remain patient because
1.Its friday and this is not a
intra-day trade.
2.Theres still room for a deeper pull back
in the new week coming .
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