Long EUR / USD
As you can see, on Weekly chart there is a double top pattern.
On weekly TF we have three reasons to think that EUR/USD will be on a bullish trend
First reason on a general bullish trend according to 100 MA
Second reason is based on fibbs lines, the 0.328 point that also is sustained by the round number of the price 1.1700, i suggest you to read the psychological levels of round numbers.
Third reason is based of classic S/R and now the EUR/USD tested the Support for the second time.
I advise you to use personal money management.
For any advises includig additional TP/SL, please DM
As you can see, on Weekly chart there is a double top pattern.
On weekly TF we have three reasons to think that EUR/USD will be on a bullish trend
First reason on a general bullish trend according to 100 MA
Second reason is based on fibbs lines, the 0.328 point that also is sustained by the round number of the price 1.1700, i suggest you to read the psychological levels of round numbers.
Third reason is based of classic S/R and now the EUR/USD tested the Support for the second time.
I advise you to use personal money management.
For any advises includig additional TP/SL, please DM
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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.