The zoomed CL indicates that price want's to go higher.
If you already are familiar with the rules, then you know what to expect next.
Yes, the pullback to the CL.
(In case you have not yet made it through the free ForkTrading BLUEPRINT, then feel free to give yourself a boost and learn the ForkTrading rules here. ATTENTION: Read the message FIRST!)
However - since this is still a "living" bar and price could still close below the CL, we have to be careful.
A close above, or below is completely different and both closes have their meaning.
We need to act accordingly.
My best advice here: There is no need to rush!
Price will do what it has to do and we observe.
Is there a trade cooking?
Yes there is.
But first we observe and switch to hunt mode. The ForkTrading Method will tell you when we have a high probability trade in front of our gun. So let's be patient and learn from the movement of this creature and stalk it.
I will follow up on this - stay tuned.
You learn the most if you participate and articulate your ideas.
So feel free to post your thoughts and comments to bring your inner trader to live.
Further analysis on the EURUSD:
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