EURUSD BULLISH IDEA

Price is still bullish. however, it is too expensive to buy. so it has to return to a discount area of value. and where is the first one? The mitigation zone around the 1.08642 price level. why? because there was a failure swing and price pushed upwards. SO most likely it will return to the zone before proceeding further up.

Trade Smart.

تعليق:

Once we close below 1.08926, that means that the pair has turned bearish. and we shall be looking for sell opportunities next week with Mon-wed forming the high of the week.

Our target area shall be the 1.07790 Zone

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Closing All my positions and waiting to see how price will react from the area of interest.
I want to see it run down again before a further move.

Thank you and Cheers