Forex EUR/USD Daily Video, April 26, 2023

[Sive Morten]

Good morning,

EUR keeps tricky situation, with bearish daily grabber in place and potential upside butterfly on 4H chart. Despite that daily pattern is more important, intraday upside action is too strong. We decide to wait a bit with short position taking:

 

[minimax]

I stil treat this as pullback but next 4H candle should tell.. just a bit more than 30 minutes and we will see.. if this is c of runawy 3rd of an ending diagonal than we will get new HH very possible..
ps:
I am not sure that target for current daily low was hit.. so, I remain bearish..

 

[minimax]

Moment of truth.. little blue stick is lenght of 1st.. so jump above could mean..

 

[minimax]

Busy day.. thrown out then sold at the top and closed with small profit thinkig it was extended 3/4 of ending diagonal.. them it went all the way down.. now bougt.. smal SL..