Analysis on #EURUSD
The EURUSD may soon come to test a strong weekly structure support zone near a very strong number 1.07000 where buyers showed interest at this level and the market rallied 16% or 1700pips.
The market condition is a lot different than the last time the EURUSD visited 1.0700 but we can say both situations are crisis situation and we can wait and see.
>> If the market test my weekly structure support level then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The EURUSD may soon come to test a strong weekly structure support zone near a very strong number 1.07000 where buyers showed interest at this level and the market rallied 16% or 1700pips.
The market condition is a lot different than the last time the EURUSD visited 1.0700 but we can say both situations are crisis situation and we can wait and see.
>> If the market test my weekly structure support level then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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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.
Related publications
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.