EURSD Long. RR 1 : 1.5
EURUSD Daily candle closed bullish last Friday rebounding away from EMA21, expecting some further upside.
Reason :
- Strong support area on 1.0850.
- Weekly Candle rejection from below.
- Potential to reach next resistance points :
Entry point Long : 1.0900-10 area ; TP1 : 1.0985, TP2 : 1.1050 ; SL around 1.08400 area
Risk Reward 1:1.5
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong support area on 1.0850.
- Weekly Candle rejection from below.
- Potential to reach next resistance points :
Entry point Long : 1.0900-10 area ; TP1 : 1.0985, TP2 : 1.1050 ; SL around 1.08400 area
Risk Reward 1:1.5
Always remember to trade with stop-loss, market is crazy & cunning*
Note
TP1 : 1.0985 hit if you entered the trade. What a Monday market !Very strong bullish candle formed for H4 & D1, potential going for next target 1.1030 first.
Trade closed: target reached
TP : 1.1030 hit , TP2 consider hit as EURUSD hit today's high at 1.1049 ! Happy pipping for those who entered this trade !
Note
Do not SELL this pair, strong bullish upside! TP3: 1.1130 areaNote
TP3: 1.1130 hit !Note
Resistance has became Support now, becareful not to SELL this pair.Note
EURUSD hit 1.1200 on Friday closing, achieving the most bullish weekly candle closing ever since a year ago. I am still bullish bias on this pair, let's see next week price action.
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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.