EU D Buy Idea 5/18/24
Updated
Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline.
The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050.
If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week.
However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050.
If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week.
However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Trade closed: stop reached
SL hit on this idea
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