EURUSD has been trending in the upward direction since it broke above 1.09000. On 26-12-2023 price met a resistance at the value of 1.11250 shown with the pink rectangular box with the resistance as label. Before reaching the high of 1.11250, price pull back to what I can call intermediary support on 02-10-2023 at the value of 1.04750 shown with the green rectangular box with support as label.
Nice range of price spotted between 1.09000 and 1.07500.
Should price trend above 1.11250 or 1.11500 high of the week, then price is bullish. Should price trend below the low of the week 1.10250, then bearish move has begun.
Why wont you sell EURUSD on demo from 1.11250 to 1.10000 with 0.01 lot size?
Short term direction: Bullish
Long term direction: Bearish
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Disclaimer: Trade entries are on demo practice account. Not suitable for live trading
Nice range of price spotted between 1.09000 and 1.07500.
Should price trend above 1.11250 or 1.11500 high of the week, then price is bullish. Should price trend below the low of the week 1.10250, then bearish move has begun.
Why wont you sell EURUSD on demo from 1.11250 to 1.10000 with 0.01 lot size?
Short term direction: Bullish
Long term direction: Bearish
Follow me and I will follow back. Let me know what you think about my analysis, feel free to disagree. If you agree, please boost my analysis for other to see and thank you boosting my post
Disclaimer: Trade entries are on demo practice account. Not suitable for live trading
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.