As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR!
What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle.
so clearly we have a fight between bulls and bears in euro/usd :
Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS !
so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd.
I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700.
important demand area for euro/usd bulls : 1.1720-1.1700
What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle.
so clearly we have a fight between bulls and bears in euro/usd :
Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS !
so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd.
I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700.
important demand area for euro/usd bulls : 1.1720-1.1700
