EURUSD Nearest Target: SHORT before LONG
On the 5-minute timeframe, we can see a Market Structure Shift (MSS) around 1.05126, and the imbalance (iFVG) at 1.05171 has already been filled. While the weekly timeframe bias remains bullish, targeting 1.05952, this is a quick short-term move, so it won’t take much time.
That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
Trade active
Trade closed: target reached
Bag secured, moving on.
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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.