Short term EURUSD buy position opportunity
the EURUSD had a bearish trend but can revers because :
🔹 legs : it's visible to see that the leg 3 it's weaker than last two legs and have less slope .it's can be sing of trend weakness.
🔹daily time frames' support level : the price close to support level so it's an other reason for reverse trend.
🔹last candle of trend : this candle is a big and strong candle, but after it next candles became weak. it means that it was last power of sellers. it's an other sing of trend weakness.
- when i will open a position ? when 1.09819 level broken.
- when my analysis will be failed ? when Daily time frame support level broken.
- how much it can rise ? it can touch the 1.10399 level. (it's daily TF resistance)
🔴It is a risky position, because of strong bullish trend. so keep your risk low (around 0.5% or 1%). Thanks for your attention.
i will be glad to know your opinions and read your comments so share them with me.
🔹 legs : it's visible to see that the leg 3 it's weaker than last two legs and have less slope .it's can be sing of trend weakness.
🔹daily time frames' support level : the price close to support level so it's an other reason for reverse trend.
🔹last candle of trend : this candle is a big and strong candle, but after it next candles became weak. it means that it was last power of sellers. it's an other sing of trend weakness.
- when i will open a position ? when 1.09819 level broken.
- when my analysis will be failed ? when Daily time frame support level broken.
- how much it can rise ? it can touch the 1.10399 level. (it's daily TF resistance)
🔴It is a risky position, because of strong bullish trend. so keep your risk low (around 0.5% or 1%). Thanks for your attention.
i will be glad to know your opinions and read your comments so share them with me.
أغلقت الصفقة: تم الوصول لوقف الخسارة
I said that if the Daily TF support broken i would close my position. it was broken.
also if we analysis the 5M trend we'd notice that the bearish trend it gets stronger.
ملاحظة
According to the head and shoulder pattern it's can revers the trend, after 1.09496 support level braking.
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