EURUSD SHORT TERM BUY ZONE RESISTANCE
Based on the provided information, it appears that you are analyzing the EUR/USD currency pair and have identified key levels for potential buying opportunities and a target price. Here's a summary of the analysis:
Market Overview
Current Market Sentiment: Bullish
Buy Zones
First Buy Zone: 1.08794
Second Buy Zone: 1.08250
Target
Target Price: 1.09200
Trading Plan
Initial Entry: Look for buying opportunities at the first buy zone of 1.08794.
Secondary Entry: If the price drops further, consider additional buys at the second buy zone of 1.08250.
Profit Target: Aim to sell at the target price of 1.09200.
Risk Management
Stop-Loss: It is crucial to determine a stop-loss level to manage risk. Typical practice is to place it below the buy zones, depending on your risk tolerance and market conditions.
Considerations
Trade closed: target reached
Congratulations to all the traders who successfully navigated the EUR/USD market and reached the target of 1.09200 from 1.08617! It's always great to see a trading strategy pay off. Happy trading, and may your future trades be equally successful! If you have any questions or need further analysis, feel free to ask.
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.
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.