Long

EURUSD Possible Short Term Rebound/Retracement Upward

Updated

Remembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during trading. It will be a foolish word to just say overall trend reversal as things need time to fully confirm the actual fact and it's not right time to say a pure reversal or not but I can say for now bearish have been weakening and we can see a slight retracement around 38.20% Fibonacci retracement level at least. If better who knows 50% can also be possible but the price will need to break the weekly pivot point level plus breakout beyond the falling trendline (red). Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)

Note

ICYMI:

No much changes in a technical point of view just playing with the retracement at this point in our new idea.

Note

62 pip in the pocket what a good start of the week.

Note

I don't share things like managing risk and profits on tradingview. Those who followed the signal should take precautions from this point in time. My one kind info for day traders move your stop-loss around breakeven if you don't wish to close the trade and wanna risk further to grab the final target which I also been expected. 38.20% at least.

Trade closed: target reached

jessi061

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.