HEADLINE: Will the Euro Continue its Uptrend Against the US Dollar?
TICKER: EUROUSD
SUMMARY: Currently getting a long signal on EURUSD from our Range Retester strategy. Looking for the uptrend to continue and looking for potential exits / take profit levels.
STRATEGY USED: Range Retetser
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping OR retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
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DESCRIPTION:
1. The current trend is up according to Directional Bias (Teal bar color).
2. The retest of the bullish order block (Teal) on April 14th marked "Example of bullish entry while uptrend is true" on the chart confirmed a long signal.
3. We are currently looking for potential exits / take profits along the uptrend.
4. R1 and R2 are the first logical places to look for a reversal of the trend and thus to look to take profit or exit.
5. If price can breach R2, then R3 represents a potential double top.
6. If price can't breach R1, then we will be looking for support at S1 - S3.
7. If S1 - S3 can't hold, then S4 gives us a chance to form a double bottom.
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NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
TICKER: EUROUSD
SUMMARY: Currently getting a long signal on EURUSD from our Range Retester strategy. Looking for the uptrend to continue and looking for potential exits / take profit levels.
STRATEGY USED: Range Retetser
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping OR retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
---
DESCRIPTION:
1. The current trend is up according to Directional Bias (Teal bar color).
2. The retest of the bullish order block (Teal) on April 14th marked "Example of bullish entry while uptrend is true" on the chart confirmed a long signal.
3. We are currently looking for potential exits / take profits along the uptrend.
4. R1 and R2 are the first logical places to look for a reversal of the trend and thus to look to take profit or exit.
5. If price can breach R2, then R3 represents a potential double top.
6. If price can't breach R1, then we will be looking for support at S1 - S3.
7. If S1 - S3 can't hold, then S4 gives us a chance to form a double bottom.
---
NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
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.