EURUSD
EURUSD. Potential long opportunity.
Our previous idea for EURUSD has been correct. We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area). Our entry is sitting at the pullback area at 1.11363. Break above our PBA 2 would result in higher highs. Our TP (Take Profit) is sitting at 1.12300. If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110.
PARAMETERS
- Entry: 1.11363
- SL: 1.11110
- TP: 1.12300
KEY NOTES
- EURUSD has fallen to our PBA 1.
- DXY still weak.
- Break above PBA 2 would confirm higher highs.
- Break below PBA 1 would invalidate the trade idea.
Happy trading!
FxPocket
Our previous idea for EURUSD has been correct. We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area). Our entry is sitting at the pullback area at 1.11363. Break above our PBA 2 would result in higher highs. Our TP (Take Profit) is sitting at 1.12300. If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110.
PARAMETERS
- Entry: 1.11363
- SL: 1.11110
- TP: 1.12300
KEY NOTES
- EURUSD has fallen to our PBA 1.
- DXY still weak.
- Break above PBA 2 would confirm higher highs.
- Break below PBA 1 would invalidate the trade idea.
Happy trading!
FxPocket
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.