Hello there everyone,
Taking the fundemantal weakness of USD and upcoming election Euro has a good chance to continue its uptrend. The question is where to enter. Well as you cansee from the chart there are 2 divergences formed (hidden one is not yet been confirmed) and the price is still not quite fit for Buyers but it could be triggered any moment and best place is to enter is where the S&D zone as highlighted. Any breach of S&D zone will result in a deeper correction and I wouldn't like to be in that so with good 3:1 risk I think this trade is looking pretty promising.
Green pips to you all..
Taking the fundemantal weakness of USD and upcoming election Euro has a good chance to continue its uptrend. The question is where to enter. Well as you cansee from the chart there are 2 divergences formed (hidden one is not yet been confirmed) and the price is still not quite fit for Buyers but it could be triggered any moment and best place is to enter is where the S&D zone as highlighted. Any breach of S&D zone will result in a deeper correction and I wouldn't like to be in that so with good 3:1 risk I think this trade is looking pretty promising.
Green pips to you all..