After breaking the previous week's low, EUR/USD found support at 1.0400 and retested it at the right time forming this week's LOW. Looking for LONG, expect a sharp steady move of at least TP1 150 PIPS, and TP2 is 250 PIPS
Be mindful, as 3rd retest is likely to occur with a stop hunt, around London open tomorrow morning
Be mindful, as 3rd retest is likely to occur with a stop hunt, around London open tomorrow morning
Note
Now we can clearly see the W on the 1H chart.Market gives us a second chance to re-enter at NY open after the stop hunt
I would consider re-entry around Tokyo highs at 1.04400- 1.04500
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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.