ALI is now potentially forming a toppish pattern with a bearish Evening Star candlestick pattern. Pullback/consolidation may likely follow.
*Immediate resistance at 33.
*Immediate support at 30 or around 38.2%~50% retracement area (29.8~30.4).
Trading Plan
- For medium to long term position, accumulate near 30 or below.
- For short term position, buy on pullback using the Fibonacci retracement levels as reference. Observe any reversal patterns around the 38.2% ~ 61.8% retracement. Avoid if downtrend momentum continues without any sign of bottoming out pattern.
The eurusd trading session overlap is an important concept for traders studying periods when major market sessions operate simultaneously. Overlapping sessions can bring increased participation and potentially greater price activity, although conditions vary depending on economic events and market sentiment. I like content that explains why timing matters without suggesting that every overlap automatically creates an opportunity. Traders can compare historical volatility across sessions and develop a schedule that fits their strategy, risk tolerance, and preferred trading timeframe.
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