EURUSD Possible Long until 1.4328

5 בינו׳ 2022

EURUSD started to show strong signs of a bullish run from December 20 until present and is throwing off some sellers with the question "Where is my sell area?" Not very evident but after observing EU for awhile, I thought that it was forming a bullish flag but after days, it refused to touch the support level of said flag so after adjustments, saw that an ascending channel formed. As of now, I aim to make a quick scalp down to 273 before it continues in an uptrend.

My overall bias for EU is still shorting as I saw a bearish pennant on an overall weekly TF.

Disclaimer: This is for educational purposes only.