eurusd h8 buy/hold bounce setup +200 pips
Updated
🔸Hello traders, let's review the 8hour chart for EURUSD today. Bears maintain control since we cracked the heavy psych level at 1.10 currently trading near 1.09 and expecting further losses before a potential bounce.
🔸Based on recent data from 2024 we had multiple 3.6% corrections before
the bounces for 150-300 pips in EURUSD. specifically we had a 4% correction,
3.8% correction, 3.6% correction, 3.2% correction, 2.2% correction before
strong bounces off the lows. Current correction projected to complete near
0800, this is a 3.6% correction which is typical for eurusd.
🔸Recommended strategy for EURUSD traders: focus on buying low near
0800. SL fixed at 0750 TP1 +150 pips TP2 +200 pips final. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Based on recent data from 2024 we had multiple 3.6% corrections before
the bounces for 150-300 pips in EURUSD. specifically we had a 4% correction,
3.8% correction, 3.6% correction, 3.2% correction, 2.2% correction before
strong bounces off the lows. Current correction projected to complete near
0800, this is a 3.6% correction which is typical for eurusd.
🔸Recommended strategy for EURUSD traders: focus on buying low near
0800. SL fixed at 0750 TP1 +150 pips TP2 +200 pips final. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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