EURUSD MAY13 2024 Analysis
I am expecting price to retrace and range this week until the release of WED Economic News.
BUY
Prior to that, if we see substantial retracement into 5180, I am looking to take a long position, granted that there's PA or pattern confirmation.
IF OTHERWISE, and price break to trade much lower into 5120, I am looking to long as this is IMO the max retracement before we see an upside push UNLESS Economic News comes out poorly and bearish on STOCK or RISK OFF environment then I'd be looking to short instead
BUY
Prior to that, if we see substantial retracement into 5180, I am looking to take a long position, granted that there's PA or pattern confirmation.
IF OTHERWISE, and price break to trade much lower into 5120, I am looking to long as this is IMO the max retracement before we see an upside push UNLESS Economic News comes out poorly and bearish on STOCK or RISK OFF environment then I'd be looking to short instead
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