EURUSD Dark Cloud Pattern for a Possible Counter Trend Trade


>>The EUR/USD spiked after the ECB conference where Mr. Draghi delivered a bit hawkish outlook compared to his previous speeches.<<

EUR/USD market is still a bit bullish but we can see a Dark Cloud pattern hanging just at the D H3 resistance which is a way above the W H5 – weekly resistance. If 1.1730 holds we might see the rejections from the POC zone that sits around 1.1700. Target is 1.1665 and the overshot extension might target confluence at 1.1639. Today is Friday so the price might drop as a result of profit taking.



EURUSD Current Trading Positions

Sell 86%
Buy 14%
Avg Sell Price 1.1610
Avg Buy Price 1.1665
Liquidity Distribution


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