EURUSD potential long
Monthly: The July candlestick closed as a hammer after touching the trendline
Weekly: Price formed a morning star after touching the trendline and weekly supply/institutional level of 1.175. Price pierced through the daily level but failed to close above it
Daily: Price took out previous swing highs and the EMAS are now crossed back over after 50 days.
Overall I am long EURUSD, the first area price will head to is the 1.196 level however we need a strong close above that daily level before looking for entries.
Price can also be making a pull back before heading up so if this occurs be ready with your fibonacci tool lol.
Weekly: Price formed a morning star after touching the trendline and weekly supply/institutional level of 1.175. Price pierced through the daily level but failed to close above it
Daily: Price took out previous swing highs and the EMAS are now crossed back over after 50 days.
Overall I am long EURUSD, the first area price will head to is the 1.196 level however we need a strong close above that daily level before looking for entries.
Price can also be making a pull back before heading up so if this occurs be ready with your fibonacci tool lol.
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