Good day traders.
The daily chart on the euro dollar is showing us 2 dojis. It is really getting a bit scary trading this pair at this moment. A correction from here can be steep and going against the trend can be suicidal too.
Looking at the past candles when this pair is on an uptrend, a double doji can mean two things:
1. The trend might continue up.
2. A green bar after the 2 dojis followed by a red reversal bar to catch all the bulls offguard.
So, I am looking out for the 2 scenarios above. Lets see how things pan out.
Wishing you success in your trading!
Singapore Forex Traders’ Blog