EURUSD Possible LONG
Hello everyone!
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting a bounce up breaking above the top of the wedge.
As of now my best suggestion is to wait on price action movements, wait for a breakout, and a re-test of the breakout, and enter the market if we get a good entry reason.
*friendly reminder not to trade this analysis blindly*
Trade GREEN/BLUE!
Let me know your thoughts on this pair down on the comments!
Also you could comment any pair you like, and I will do an analysis on that pair so we could talk! ;)
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting a bounce up breaking above the top of the wedge.
As of now my best suggestion is to wait on price action movements, wait for a breakout, and a re-test of the breakout, and enter the market if we get a good entry reason.
*friendly reminder not to trade this analysis blindly*
Trade GREEN/BLUE!
Let me know your thoughts on this pair down on the comments!
Also you could comment any pair you like, and I will do an analysis on that pair so we could talk! ;)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.