EURUSD: Potential Buy (good one)
So im waiting the signal for BUY to be printed, but that will take another 4 hours candle to close. But im confident about going long already here so to catch the move from the bottom on the third touch of the trend line ( the best location for an entry). The more touches the trendline has, the weaker it gets.
PS. I will update this later today with a picture of the signal! if happened!
this analysis fails if price breaks trendline impulsively and and that breaks followed by a red candle
PS. I will update this later today with a picture of the signal! if happened!
this analysis fails if price breaks trendline impulsively and and that breaks followed by a red candle
Note
There was NO buy signal printed and thus no trade intiated. Instead price broke the trendline which invalidate this analysis. Even though price looks pretty bearish, I believe it will push higher again! this is what EURUSD usually does, when it looks so bearish then its more often than not the opposite whats gonna happen.
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Related publications
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.