Hey Rich Friends,
I think EURUSD will continue to buy today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at:
- The market has bounced from the previous day's low around 1.08740
- Bullish candles have picked up momentum in the last few hours
- Structure was broken on H1 and resistance was retested as support
- The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%.
These are all bullish confirmations for me. I will set my SL at the previous day's low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
I think EURUSD will continue to buy today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at:
- The market has bounced from the previous day's low around 1.08740
- Bullish candles have picked up momentum in the last few hours
- Structure was broken on H1 and resistance was retested as support
- The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%.
These are all bullish confirmations for me. I will set my SL at the previous day's low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
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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.