EURYEN - Update
EURYEN has scaled up from a low of 115 to a present 125. The bias is presently to long the Euro , with all daily MAV;s reset in line ( since 8th July) .
Entry for a long could be on this present daily candle bar.
Targets are set for the longer term on the weekly chart.
The first target is
1. 1.27 - which is the next swing resistance ( and 1.27 fib extension of current move up)
2. 1.32 - the next swing move up ( an 1.618 fib extension) ###### the current focus target.
3. 1.37 - the swing high of 2018 ( not really considered presently)
The point of invalidation is sitting at 120 , the current swing low. The RR is conservative at 2....
A high risk stop is below 123..... would promote a high RR....
Entry for a long could be on this present daily candle bar.
Targets are set for the longer term on the weekly chart.
The first target is
1. 1.27 - which is the next swing resistance ( and 1.27 fib extension of current move up)
2. 1.32 - the next swing move up ( an 1.618 fib extension) ###### the current focus target.
3. 1.37 - the swing high of 2018 ( not really considered presently)
The point of invalidation is sitting at 120 , the current swing low. The RR is conservative at 2....
A high risk stop is below 123..... would promote a high RR....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.