EURUSD PENDING LONG ENTRY
D1 candle closed with huge bullish momentum. By this time H4 looking extreme overbought. So a correction is necessary in this pair. May it will happen. Then it will start rally again towards near resistance of daily chart. Resistance is at 1.0825-1.0850 area. Market setup gives idea of touching this zone. So I make decision to go long from 1.0625-1.0650 area.
It is my opinion only. Trade with proper stop loss and with good money management.
Thanks.
It is my opinion only. Trade with proper stop loss and with good money management.
Thanks.
Note
TP hit.
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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.