EUR/USD - trend continuation trade - buy on 4H
Updated
Dear traders and followers,
welcome to todays € / $ market update !
The market broke yesterday an important resistance at 1.20 and closed above it. We expect short term correction which is confirmed by bearish RSI and MACD on small time frame up to 4H.
On the daily and weekly chart we see a clear and strong bullish trend up to 1.24 - 1.25 area which is our final sell target. In this case a trend continuation setup is the most profitable setup with low risk.
Good buy entry is after finished short term correction as drawn in the chart.
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welcome to todays € / $ market update !
The market broke yesterday an important resistance at 1.20 and closed above it. We expect short term correction which is confirmed by bearish RSI and MACD on small time frame up to 4H.
On the daily and weekly chart we see a clear and strong bullish trend up to 1.24 - 1.25 area which is our final sell target. In this case a trend continuation setup is the most profitable setup with low risk.
Good buy entry is after finished short term correction as drawn in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Trade closed: target reached
closed manually on Friday evening
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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