EUR/USD Long Setup +250 pips (CPI News)
- We can see price respected 1.000 supply zone and dropped 300 pips reahcing 0.96500 demand zone.
- Price started consolidating after reaching the demand zone.
- Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology.
* pivot line: 0.97400
- Price started consolidating after reaching the demand zone.
- Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology.
* pivot line: 0.97400
Note
First entry hit SLSecond entry activated at pivot price
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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.