EUR/USD: Forecast: Long
Here is what to expect
RECAP:
In our previous analysis EUR/USD was trading at 1.21160, we expected it to retrace back to 1.21000-1.20800 before a continuation to the upside.
This is exactly what happened and EUR/USD hit 1.21428 triggering our buy stop which was closed by our system after registering at a false breakout as DXY was trading at previous support levels. Closing our Buy Stop position at minimal loss.
WHAT TO EXPECT:
EUR/USD is still bullish
But for now we expect it to continue to fall to 1.21000-1.20800 before it rebounds back and continue its uptrend
Bullish Cypher formed on the 1H chart
OUR POSITIONS:
Currently @ 1.21100
Buy Stop Adjusted to: 1.21250
Buy Stop TP 1 @: 1.21400
Buy Stop TP 2 @: 1.21600
Sell Stop @: 1.20500
Sell Stop TP @; 1.20300
Previous Link below
RECAP:
In our previous analysis EUR/USD was trading at 1.21160, we expected it to retrace back to 1.21000-1.20800 before a continuation to the upside.
This is exactly what happened and EUR/USD hit 1.21428 triggering our buy stop which was closed by our system after registering at a false breakout as DXY was trading at previous support levels. Closing our Buy Stop position at minimal loss.
WHAT TO EXPECT:
EUR/USD is still bullish
But for now we expect it to continue to fall to 1.21000-1.20800 before it rebounds back and continue its uptrend
Bullish Cypher formed on the 1H chart
OUR POSITIONS:
Currently @ 1.21100
Buy Stop Adjusted to: 1.21250
Buy Stop TP 1 @: 1.21400
Buy Stop TP 2 @: 1.21600
Sell Stop @: 1.20500
Sell Stop TP @; 1.20300
Previous Link below
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منشورات ذات صلة
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.