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EURUSD Trading Analysis

Posted on Sep 5th, 2018

by colibritrader

EURUSD Trading Analysis

Dear traders,

It has been a while since I have not shared with you my trading thoughts.

Last article I wrote was on a trade not taken and I believe you should be patient and curious enough to sieve only the best of patterns.

EURUSD Trading Analysis

Today, I am looking at the EURUSD pair.

It seems like it might be getting ready for more bullish behaviour.

There was a small rejection candle that formed yesterday. Today’s candle had a bearish rejection connotation, but it also is covering yesterday candle’s body.

This bodes well for the bullish market participants.

I will be looking for a bullish candlestick pattern on the 4H chart around the level of 1.1625 in the next trading session.

Once (and if) I get this confirmation I might go long. A potential initial target could be 1.1723 and then 1.1850.

Happy Trading,

Colibri Trader

p.s.

Check out my article on the Bullish Engulfing pattern

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