EURUSD Bullish Reversal Confirmed?
👋 Hello Traders,
I trust that you all had a good weekend and that you have some awesome opportunities lined up. Now for those of you that is reading my articles for the first time I published my first real article last week, where we looked at the EURUSD for a possible bullish reversal. We listed several technical reasons why we believed this could be the case and if you would like to read it I will place the link to the article below so you can check it out.
Today however, we see that the EURUSD has moved quite interestingly almost stopping me out in the process and missing my stoploss by a pip and a half.
Now despite my close call, last week did have a bullish close, granted it was not the most impressive candle. That being said, based on the fact that we are still hovering around the daily 20 MA, a positive close will increase the chances of a continued bull run to at least test the daily 50 MA.
However, the intraday timeframes shows much promise, with a very clear and simple break and retest of the 4H 20 MA which as a side not was the final barrier that protected my stoploss.
If you would like to read last weeks article you can simply check it out by clicking below 👇
https://www.tradingview.com/chart/EURUSD/3mXMmrI4-Possible-EURUSD-Bullish-Reversal/
I trust that you all had a good weekend and that you have some awesome opportunities lined up. Now for those of you that is reading my articles for the first time I published my first real article last week, where we looked at the EURUSD for a possible bullish reversal. We listed several technical reasons why we believed this could be the case and if you would like to read it I will place the link to the article below so you can check it out.
Today however, we see that the EURUSD has moved quite interestingly almost stopping me out in the process and missing my stoploss by a pip and a half.
Now despite my close call, last week did have a bullish close, granted it was not the most impressive candle. That being said, based on the fact that we are still hovering around the daily 20 MA, a positive close will increase the chances of a continued bull run to at least test the daily 50 MA.
However, the intraday timeframes shows much promise, with a very clear and simple break and retest of the 4H 20 MA which as a side not was the final barrier that protected my stoploss.
If you would like to read last weeks article you can simply check it out by clicking below 👇
https://www.tradingview.com/chart/EURUSD/3mXMmrI4-Possible-EURUSD-Bullish-Reversal/
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