Goldmine!

Good Friday Morning traders,

EU had a drop (caught by the WL) then a move upward earlier today. Overhead resistance if price tries to go to U-MLH of teal fork. Not impossible by any means...just what needs to happen if it wants to go higher.

Take care,

FX4
 

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Good Morning traders,

Here are two views of EU...H1 and H4. The H1 of course will give more of a blow by blow of price action...a little closer than the H4. In a zone (from H1) as you can see...could be a war zone too. Chart for H4 shown below.

FX4
 

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Price has not made any real headway going up or down (from H4). Need for price to get a stronger push from either the bulls or bears to get this pair to trend again. H1 looks like the bulls got an advantage. If price goes below the blue HL, bears may push it to the red U-MLH again. If we meet bulls there, then there could be lift off. If the bulls get aggressive, then they can push from here.

Trade well,

FX4
 

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And yes, the bulls did manage to push price higher. At a line in the sand now...and close to a WL. Up or down from here. Per this chart view, the current candle is appearing bullish. No guarantees though...the weather could change in a matter of minutes. Just trade it as you see it when you see your tell.

All the best,

FX4
 

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Good Morning all,

Price looks like it wants to keel over as there is selling pressure/resistance areas overhead. Per H4, a little room to go higher to pick up some sellers? We'll see what price does.

FX4
 

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Good Morning Traders,

Hope you had a wonderful weekend. EU continued to sell off and is bouncing at the moment. Sellers were able to push past a support level. Let's see if they can keep it going.

Good trading to all,

FX4
 

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Hi Traders,

EU still seems to be under some selling pressure. Could get a pop, but thinking that there could be more selling to come. US news out around 10am as well. Trade what you see. H4 chart posted.

All the best,

FX4
 

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Good Morning All,

Two chart views again...

From H4, price is appearing to be setting up to go higher. Next H4 candle per my chart view: less than 30 minutes.

If support levels give way, then the next area of support could be the likely target.

All the best,

FX4
 

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