Hello Everyone!
How are you all?
EurUsd pair is shaping up very nicely for a short term bullish reversal that we can capitalize on.
So, I will be looking for a bullish reversal because of the following reasons:
1. VA: Double bottom
2. The price has come to the VA, formed a doji on the daily, probably to close bullish today.
3. LTF descending channel
Plan
If the price impulsively clears the ltf highs and forms a 15mins flag with two highs and lows.
I will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EurUsd pair is shaping up very nicely for a short term bullish reversal that we can capitalize on.
So, I will be looking for a bullish reversal because of the following reasons:
1. VA: Double bottom
2. The price has come to the VA, formed a doji on the daily, probably to close bullish today.
3. LTF descending channel
Plan
If the price impulsively clears the ltf highs and forms a 15mins flag with two highs and lows.
I will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
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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.