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EURUSD Long Opportunity, 1:12 AvailableGood morning ladies & gentlemen, EURUSD is primed for a long today. After consolidating sideways for multiple days, price has now presented us with a bullish buy structure anchoring off the H4 Bullish Orderblock. The Daily & H4 IoF is long, but the weekly is still a short. Therefore, I anticipate price to trade up to the final TP where I'll be looking for shorts from then onwards throughout all of May. With a bearish euro and a bullish dollar, this should accentuate a fall in euro after this final move to the upside has been made. First objective is the high of yesterday. Second objective is the high of the H4 range. Third objective is the D1 Bearish Orderblock in line with a fill of an imbalance that lies above. Bear in mind there is FOMC news today so there's a chance that price may spike around 7pm London Time, make sure you claim profits or exit most of your position by that time. Volatility can lead to slippage therefore your stop loss may not get filled during that time; hence, reducing your exposure when that time comes is key. Best of luck.
Long
by Jiraiya_eth