EURUSD READY TO RISE OR SHOULD WE VISIT LOWER AREAS?
Updated
In previous analyzes we took the various shorts made in recent weeks and with the last missed pending operation I mentioned that from then on I would focus only on buy operations, so here I am!
We are testing the latest support right now, maybe creating a double bottom? if so it could be a good starting point for a long.
At the same time I see a
DXY that is still very strong, which despite the negative news is continuing to rise, but the rate cut could get closer and before that it could visit the highs at 106.40 which would bring the euro to the 1.6000 zone which I think is excellent to buy.
So I leave you with two setups: the first is riskier on a structure that has yet to be completed, while the second is slightly safer.
Be careful, happy trading everyone.
We are testing the latest support right now, maybe creating a double bottom? if so it could be a good starting point for a long.
At the same time I see a
DXY that is still very strong, which despite the negative news is continuing to rise, but the rate cut could get closer and before that it could visit the highs at 106.40 which would bring the euro to the 1.6000 zone which I think is excellent to buy.So I leave you with two setups: the first is riskier on a structure that has yet to be completed, while the second is slightly safer.
Be careful, happy trading everyone.
Trade active
Let's go!!Note
good start of 62 pips on the first setup, at this point I put an SL to BE.Trade active
Trade active
still on itTrade active
Trade active
Trade closed: target reached
Close now manual!Very good profit with 0 DD!
Note
SUPER SHOT!!!Trade closed: target reached
Disclaimer
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.