EURUSD buy idea
- EU has found support on the 4H 200 EMA, and is making a "W" formation, which is commonly seen in the markets. Moves off of the 4H 200 EMA can expect 100+ pips every time
- EU has found support on the 2H 200 EMA, and is also making the "W" formation
- On August 5th, EU had a large daily candle with lots of momentum and broke through resistance. It then found that resistance to become support signaling more bullish momentum
- confluence with bearish DXY
TP: expecting a push up 150+ pips to the daily 200 EMA area
- EU has found support on the 2H 200 EMA, and is also making the "W" formation
- On August 5th, EU had a large daily candle with lots of momentum and broke through resistance. It then found that resistance to become support signaling more bullish momentum
- confluence with bearish DXY
TP: expecting a push up 150+ pips to the daily 200 EMA area
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.