Eurusd 4h analysis (read caption)
Updated
- EUR/USD is currently at a resistance zone.
- i anticipate a market downturn towards my demand zone.
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- Resistance levels are at 1.08939 and 1.09082.
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- my demand zone level from 1.08628 to 1.08503.
- i've set a stop loss at 1.09238.
My strategy seems to involve selling or shorting EUR/USD as it approaches the resistance zone, with the expectation of a downward movement towards the demand zone. Remember to monitor the market closely and adjust your positions accordingly based on new developments.
- i anticipate a market downturn towards my demand zone.
-
- Resistance levels are at 1.08939 and 1.09082.
-
- my demand zone level from 1.08628 to 1.08503.
- i've set a stop loss at 1.09238.
My strategy seems to involve selling or shorting EUR/USD as it approaches the resistance zone, with the expectation of a downward movement towards the demand zone. Remember to monitor the market closely and adjust your positions accordingly based on new developments.
Trade closed: target reached
Great to see ERUUSD hitting its target finding support in the demand zone around 1.08668 shows positive momentum for the market. Keep a close eye on future price action for potential opportunities.
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