EURUSD is approaching a double bottom and a 1.272 reversal.
We can treat it as a breakout failure of a range (see box).
We can judge the price action and look for a long.
A realistic target could be the breakout at 1.85 (blue line).
If the price action becomes too bearish then a stronger support is at 1.16+ (purple line).
Let's keep an eye on it....
We can treat it as a breakout failure of a range (see box).
We can judge the price action and look for a long.
A realistic target could be the breakout at 1.85 (blue line).
If the price action becomes too bearish then a stronger support is at 1.16+ (purple line).
Let's keep an eye on it....
Note
Here it is on a weekly..Note
We are fast approaching profit target 1.The question now is what type of trader are we?
Do we aim for a bigger swing and profit target 2?
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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.