Buy EUR/USD Wedge Breakout
Updated
The EUR/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0881
2nd Support – 1.0902
Stop-Loss: To manage risk, place a stop-loss order below 1.0822. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0881
2nd Support – 1.0902
Stop-Loss: To manage risk, place a stop-loss order below 1.0822. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Trade active
Comment
EUR/USD new sl - 1.0815Comment
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