After securing a handsome profit on $BANK , I'm shifting my focus to another strong opportunity — $EUL .
If you've been following closely, you'll know that EUL exploded from around $1.00 to $1.80 in a powerful breakout rally.
After that move, it printed a healthy pullback, shaking out late buyers and liquidating the breakout chasers. That's exactly what strong trends often do before continuing higher.
Now I'm seeing a bearish trap forming. Early short sellers are stepping in, but I believe th...
$EUL on the 1h chart after that strong move.
The structure suggests a pullback may come before any further upside. Price could drift toward the 1.43 to 1.36 zone,
which lines up with a nearby fair value gap and a potential demand area.
If price reaches that region, watching for bullish rejection signals (pin bar, engulfing candle, or lower timeframe structure break) could be useful. A bounce from there would put the recent
1.80 high as a first target, with a possible push toward 2.00 if mome...