THE EURUSD UPDATE
Updated
Check out the levels mentioned here. This range we have been in for about two months to the day is extremely strong, neither bulls nor bears have had any power lately. What's scary is that when the range breaks, it really will break in one direction as exhaustion has really hit the EURUSD. Momentum will be huge for this pair.
This isn't a buy or sell call, more of an awareness of when this thing break. When it does happen, it's going one of two ways. These levels were gained from a weekly chart, so day trades or even week traders don't bother.
The best play? Wait for a clear break. And then join the move for whichever way its headed, and don't try and time this thing perfectly. It'll happen, join and wait when it does.
FOLLOW AND LIKE FOR MORE UPDATES!
*PREVIOUS EURUSD CHART BELOW, IN FEBRUARY I CALLED THE RANGE. HERE IS AN UPDATED CHART*
This isn't a buy or sell call, more of an awareness of when this thing break. When it does happen, it's going one of two ways. These levels were gained from a weekly chart, so day trades or even week traders don't bother.
The best play? Wait for a clear break. And then join the move for whichever way its headed, and don't try and time this thing perfectly. It'll happen, join and wait when it does.
FOLLOW AND LIKE FOR MORE UPDATES!
*PREVIOUS EURUSD CHART BELOW, IN FEBRUARY I CALLED THE RANGE. HERE IS AN UPDATED CHART*
Trade closed: target reached
WE GOT IT!An EXACT sell to the area we were expecting. Doesn't get easier than this!
Related publications
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.