EUR/USD Bullish Setup and Key Levels
The low of June 14, 2024, created a Trend Changing Pattern making a high of 1.07614. We then saw a discount towards the low but failed to make a new low.
On Monday 24, June 2024 we saw a Bullish break of Structure making a high of 1.07465. The pullback low of 1.06836 before that bullish move is the Key price that gives us a high probability of bullish activity as long as the price stays above 1.06836.
Based on the price information, our high probability trade is to buy a 15Mins close above 1.06994.
Stop Loss: 1.06836
Target 1: 1.07465
Target 2: 1.07614
Think in Probability:
As traders, you must be careful to align your behavior and expectations with the following principles:
- Anything can happen
- An EDGE is only an indication of one thing happening over another
- There is a random distribution between wins and losses
- You don't need to know what will happen in order to make money in trading.
On Monday 24, June 2024 we saw a Bullish break of Structure making a high of 1.07465. The pullback low of 1.06836 before that bullish move is the Key price that gives us a high probability of bullish activity as long as the price stays above 1.06836.
Based on the price information, our high probability trade is to buy a 15Mins close above 1.06994.
Stop Loss: 1.06836
Target 1: 1.07465
Target 2: 1.07614
Think in Probability:
As traders, you must be careful to align your behavior and expectations with the following principles:
- Anything can happen
- An EDGE is only an indication of one thing happening over another
- There is a random distribution between wins and losses
- You don't need to know what will happen in order to make money in trading.
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.
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.