POTENTIAL LONG TRADE SET UP FOR EURUSD
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached the lower bound of a bullish continuation structure on the higher time frame (HTF) with a broadening descending structure on the Mid time frame (MTF). We will now monitor for a bullish impulse and continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the initial target at 1.08 and subsequently at the top of the HTF bullish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
The price has approached the lower bound of a bullish continuation structure on the higher time frame (HTF) with a broadening descending structure on the Mid time frame (MTF). We will now monitor for a bullish impulse and continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the initial target at 1.08 and subsequently at the top of the HTF bullish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
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.
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.