Possible Long on EURUSD
Looking to go long on a possible reversal of this counter-trend.
Going to keep an eye on this to see if the price breaks the counter-trendline so we can take a deeper look into a possible long position.
- MFI zone is over-sold. Should be looking for the reversal to the up-side
- price is in a support zone and nearly bounced off the 200-EMA
Going to keep an eye on this to see if the price breaks the counter-trendline so we can take a deeper look into a possible long position.
Note
EURUSD is starting to develop bullishly as predicted. If it breaks that counter-trendline, I will be looking to take a long position for at least 60 pips.Trade closed: target reached
Cheers 🥂
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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.