Trend has turned R/Y after a strong uptrend. Aggro bounce here at support.
Volume and Vscore support. RAF at Extremes. Darvas 3.0 and Darvas levels.
Buy on break of /6e - 1.0715 and EUR/USD - 1.0705. Or Buy FXE options on the break of EUR/USD 16Jun23 100Calls. OI is thin @ 300.
Profit#1 @ 1.0820 - 50% Fib and Volume Resistance. Stop Loss - 1.0595 - minor low wick.
Note
Breakout still in play, but has shifted lower with the pullback in prices.
Buy on Breakout of 1.0640 Profit Target: 1.0730 (volume level - could be used as a Breakeven and wait for 1.0795 to even trade ratio) Stop Loss : 10525 (use 200 propulsion as support).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.