EurUsd Long
Updated
SWING IDEA
⭐️ Daily: here price is creating a sequence of lower highs. I think is possible so to create a new lower high on 61,8% Fibonacci's level that also meet an important daily level (1.2100).
⭐️ H4: Unfortunately missed the down move that is making, it was a good entry because a bullish trendline was broken and the retest of the level was expected. What I am personally watching for the next hour is the possible restart of the bullish trend. In fact, we can see that the price has just created a little sequence of higher lows, breaking structure to the upside. What is probable is that the down move the price is making right now is just a retracement to retest the previous structure on 71/78% zone to continue to the upside.
Let's che how the price arrive in the zone (check the momentum) and if all the confirmations will align, let's take this trade.
EUR has take some power against USD this week so a continuation to the upside is probable.
NEWS TO CHECK:
🐂 10:00am EUR Italian Quarterly Unemployment Rate
🐂 11:00am EUR Industrial Production m/m
🐂 2:30pm USD Core PPI m/m
USD PPI m/m
🐂 4:00pm USD Prelim UoM Consumer Sentiment
USD Prelim UoM Inflation Expectations
🙏🏼 Namasté
⭐️ Daily: here price is creating a sequence of lower highs. I think is possible so to create a new lower high on 61,8% Fibonacci's level that also meet an important daily level (1.2100).
⭐️ H4: Unfortunately missed the down move that is making, it was a good entry because a bullish trendline was broken and the retest of the level was expected. What I am personally watching for the next hour is the possible restart of the bullish trend. In fact, we can see that the price has just created a little sequence of higher lows, breaking structure to the upside. What is probable is that the down move the price is making right now is just a retracement to retest the previous structure on 71/78% zone to continue to the upside.
Let's che how the price arrive in the zone (check the momentum) and if all the confirmations will align, let's take this trade.
EUR has take some power against USD this week so a continuation to the upside is probable.
NEWS TO CHECK:
🐂 10:00am EUR Italian Quarterly Unemployment Rate
🐂 11:00am EUR Industrial Production m/m
🐂 2:30pm USD Core PPI m/m
USD PPI m/m
🐂 4:00pm USD Prelim UoM Consumer Sentiment
USD Prelim UoM Inflation Expectations
🙏🏼 Namasté
Trade closed: target reached
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