Analysis on #EURUSD
Hello friends.
The market came to the most recent wing tested and now moving down to test 1.2100, where I will be looking for my first buy scenario if the market provided a reversal pattern and reason to get in a buy trade.
if the market will not respect 1.2100 and keep on dropping, then the next level that will interest me is 1.2050 where I will also be looking for a reversal pattern to get in a buy trade.
as you can see the second place will provide a bigger possible reward, almost 100 pips
Why I don't want to sell now? it is a low probability trade for me and I don't want to buy USD after last week's NFP.
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Hello friends.
The market came to the most recent wing tested and now moving down to test 1.2100, where I will be looking for my first buy scenario if the market provided a reversal pattern and reason to get in a buy trade.
if the market will not respect 1.2100 and keep on dropping, then the next level that will interest me is 1.2050 where I will also be looking for a reversal pattern to get in a buy trade.
as you can see the second place will provide a bigger possible reward, almost 100 pips
Why I don't want to sell now? it is a low probability trade for me and I don't want to buy USD after last week's NFP.
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Note
on target analysis
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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.