⭐EUR/USD has been in a strong downtrend, surpassing one of the last strongly confirmed supports, which makes me think that it will tend to retest this area from 1.03550, defying the continuation of the trend
⭐Before this retest of the support, my opinion is that it will go back down to the POI (point of interest) also called the strong demand zone
⭐Without much explanation in case the price does not test that POI I will automatically enter buy after confirmation that he will no longer retest that area
Inputs if retest POI: Inputs if doesn't retest POI:
Entry Price : 1.02650 Entry Price : 1.03200
Stop Loss: 1.02400 Stop Loss : 1.0300
Take Profit 1: 1.03100 Take Profit 1: 1.03100
Take Profit 2: 1.03550 Take Profit 2: 1.03550
Take Profit 3: 1.04000 (risky) Take Profit 3: 1.04000 (risky)
⭐Before this retest of the support, my opinion is that it will go back down to the POI (point of interest) also called the strong demand zone
⭐Without much explanation in case the price does not test that POI I will automatically enter buy after confirmation that he will no longer retest that area
Inputs if retest POI: Inputs if doesn't retest POI:
Entry Price : 1.02650 Entry Price : 1.03200
Stop Loss: 1.02400 Stop Loss : 1.0300
Take Profit 1: 1.03100 Take Profit 1: 1.03100
Take Profit 2: 1.03550 Take Profit 2: 1.03550
Take Profit 3: 1.04000 (risky) Take Profit 3: 1.04000 (risky)
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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.