EURUSD on Daily Timeframe had a huge correction, completing its double top formation.
If you refer to 30-minutes time frame, the RSI is making higher low, while the price is making lower low.
In addition to that, the MACD crossed over to upwards.
Lower Bollinger Bands is closing and a bullish engulfing candlestick formed on 1-hour timeframe, suggest that buying momentum is in control.
My Entry level: 1.07542
Profit Target: 1.09400
Stop Loss: 1.07060
Risk: Reward = 1: 3.40
Beware, that EURUSD will need to fill its gap first at 1.0800 level.
If you refer to 30-minutes time frame, the RSI is making higher low, while the price is making lower low.
In addition to that, the MACD crossed over to upwards.
Lower Bollinger Bands is closing and a bullish engulfing candlestick formed on 1-hour timeframe, suggest that buying momentum is in control.
My Entry level: 1.07542
Profit Target: 1.09400
Stop Loss: 1.07060
Risk: Reward = 1: 3.40
Beware, that EURUSD will need to fill its gap first at 1.0800 level.
Trade active
As expected. EURUSD went up and filled the gap at 1.0800. Immediate support level now will be 1.0800.
Momentum to go higher is there and potential TP remain at 1.09400 level.
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.