Hey Folks! So, I've been posting a lot about gold. Now, I decided to switch over to EURUSD as I know that many of us prefer this reliable currency pair.
Currently, there is an evening star doji that is clearly forming on the 1-hour timeframe. I have highlighted the pattern for you. At the time of writing this, we still have around 17 minutes before the pattern finalizes. Most likely, it will be complete and that should indicate a strong entry point to go SHORT! If the final candlestick forms a hammer or a dragonfly doji, it is time to go long.
UPDATE: The momentum has changed, meaning that the below may not materialize. If you have placed advanced (pending) orders, Re-evaluate your position.
Currently, there is an evening star doji that is clearly forming on the 1-hour timeframe. I have highlighted the pattern for you. At the time of writing this, we still have around 17 minutes before the pattern finalizes. Most likely, it will be complete and that should indicate a strong entry point to go SHORT! If the final candlestick forms a hammer or a dragonfly doji, it is time to go long.
UPDATE: The momentum has changed, meaning that the below may not materialize. If you have placed advanced (pending) orders, Re-evaluate your position.