EURUSD is observed to have been on an uptrend on the W1 timeframe.
A nice pinbar/ shooting star has formed at the end of this week. The candles look to lack further momentum upwards, and may retrace back to 1.20 or even 1.17 before regaining momentum.
Even with that in mind, it may not be advisable to short in the near term.
A nice pinbar/ shooting star has formed at the end of this week. The candles look to lack further momentum upwards, and may retrace back to 1.20 or even 1.17 before regaining momentum.
Even with that in mind, it may not be advisable to short in the near term.