Afternoon Traders,
we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward.
The level of interest will be the 1.18100 area (September 2018) highs, overall we are looking likely to smash through and continuing on to our next levels but we could easily see exhasution into this area and potential sell off from this level, of course we could do non of what I've suggested as price action could take us in any, one direction, but given the current evidence, we will wait to see what price action brings.
highlighted (rectangle) area of interest will price action pull back to this area and drop or disregard this area??
what are your thoughts let me know?
we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward.
The level of interest will be the 1.18100 area (September 2018) highs, overall we are looking likely to smash through and continuing on to our next levels but we could easily see exhasution into this area and potential sell off from this level, of course we could do non of what I've suggested as price action could take us in any, one direction, but given the current evidence, we will wait to see what price action brings.
highlighted (rectangle) area of interest will price action pull back to this area and drop or disregard this area??
what are your thoughts let me know?