EURUSD POC/ Daily S/R| .618 Fibonacci| Price Action
Evening Traders,
Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible,
Points to consider,
- Price action impulsive
- POC S/R Support
- Daily S/R Support
- .618 Fibonacci Confluence
- Psfp Confluence
EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support confluence of the POC, Daily S/R, .618 Fibonacci and Psfp – allowing for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation and an establishment of a higher low.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sometimes the best trade is no trade.” – Anonymous
Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible,
Points to consider,
- Price action impulsive
- POC S/R Support
- Daily S/R Support
- .618 Fibonacci Confluence
- Psfp Confluence
EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support confluence of the POC, Daily S/R, .618 Fibonacci and Psfp – allowing for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation and an establishment of a higher low.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sometimes the best trade is no trade.” – Anonymous
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.