eurusd daily strategic outlook 2024
Updated
🔸Hello guys, today let's review daily price chart for eurusd. Ongoing accumulation
in progress since 2023, strong chart overall. Trading in well-defined range since
Jan 2023, therefore it's best to focus on trading near range highs/lows.
🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead
at 1020 and 1080 and premium prices below at 0580 and 0480. Short-term /
mid-term outlook: expecting more weakness before reversal / short-term traders
can short sell rips/rallies targeting premium prices below / range lows at 0640.
🔸We are trading in well-defined range since January 2023, current risk/reward
is slowly shifting in bulls favor, however it's too early to enter on BUY side.
🔸Recommended strategy position traders: bears focus on short selling rips/rallies,
targeting range lows at 0640, bulls should wait for price to complete correction
near range lows / premium prices, best reload bulls is near 0580/0600, bulls
will target re-tests of range highs / 1000 (+400 pips). great risk/reward on buy side
as we are closing in on strong horizontal supports. swing trade setup, patience required.
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🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
in progress since 2023, strong chart overall. Trading in well-defined range since
Jan 2023, therefore it's best to focus on trading near range highs/lows.
🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead
at 1020 and 1080 and premium prices below at 0580 and 0480. Short-term /
mid-term outlook: expecting more weakness before reversal / short-term traders
can short sell rips/rallies targeting premium prices below / range lows at 0640.
🔸We are trading in well-defined range since January 2023, current risk/reward
is slowly shifting in bulls favor, however it's too early to enter on BUY side.
🔸Recommended strategy position traders: bears focus on short selling rips/rallies,
targeting range lows at 0640, bulls should wait for price to complete correction
near range lows / premium prices, best reload bulls is near 0580/0600, bulls
will target re-tests of range highs / 1000 (+400 pips). great risk/reward on buy side
as we are closing in on strong horizontal supports. swing trade setup, patience required.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
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🏧MT4 Forex EA/bot 5%/day AI algo trading
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