EURUSD 1.12434 +0.04 % LONG IDEA
Updated
Good Day Everyone
Here's an idea on the EURUSD pair a look at the pair from multiple timeframes.
MONTHLY
* On the monthly timeframe the pair went up and was rejected at 50% fibonacci retrancement level pushed down to bounce just below the 61.8 % fibonacci level currently the sentiment is still long on the monthly timeframe even though we pushed down a little we are still i a descending channel looking for the pair to push up for a retest of the structure above.
WEEKLY
* The sentiment is still the same but now the structure starts to get clearer as we are in a descending triangle structure which may signal a continuation to the upside supporting the persoective of the bulls coming into play in the coming week. looking for the pair to rally up.
DAILY
* The sentiment is still the same we have a pennant formation now trading in a descending channel posiibly signalling continuation as well targeting previos high looking to the left
* The 4h chart and lower timeframes are perfect for entries its important to wait if you are not an agressive trader and want to hold the trade swing, look for confirmations and strong sentiments to support before entry.
thank you and lets see how it goes.
THE IDEA IS IN PLAY ONCE WE SEE A BREAK ABOVE STRUCTURE AND A COUPLE OF MORE CONFIRMATION.
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13181
TARGET 2 - 1.13515
TARGET 3 - 1.4500
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Here's an idea on the EURUSD pair a look at the pair from multiple timeframes.
MONTHLY
* On the monthly timeframe the pair went up and was rejected at 50% fibonacci retrancement level pushed down to bounce just below the 61.8 % fibonacci level currently the sentiment is still long on the monthly timeframe even though we pushed down a little we are still i a descending channel looking for the pair to push up for a retest of the structure above.
WEEKLY
* The sentiment is still the same but now the structure starts to get clearer as we are in a descending triangle structure which may signal a continuation to the upside supporting the persoective of the bulls coming into play in the coming week. looking for the pair to rally up.
DAILY
* The sentiment is still the same we have a pennant formation now trading in a descending channel posiibly signalling continuation as well targeting previos high looking to the left
* The 4h chart and lower timeframes are perfect for entries its important to wait if you are not an agressive trader and want to hold the trade swing, look for confirmations and strong sentiments to support before entry.
thank you and lets see how it goes.
THE IDEA IS IN PLAY ONCE WE SEE A BREAK ABOVE STRUCTURE AND A COUPLE OF MORE CONFIRMATION.
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13181
TARGET 2 - 1.13515
TARGET 3 - 1.4500
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Note
ON THE WEEKLY TF
Note
ON THE MONTHLY TF
Note
ON THE DAILY TF
Trade active
broke above which was a trigger for the signal and gaining momentum to the upsideNote
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