EURUSD ? Where to Next and How to Trade It!?
Analysis of #EURUSD
Hello friends,
I did think previously that this zone is a distribution zone for profit-taking after a big run in the EURUSD, but this week I had many reasons to change my mind and believe this a position building zone.
I think we could see 1.2400-12500 fairly soon if the zone breaks out.
why 1.2400-12500?
first of all, it is an equal measured move from swing low to swing high which also is 2018 high as showing on the chart
how to trade it?
it was better to buy at 1.1600, but since i missed it, i will now wait for a break and close above 1.200 and watch price action from there to decide how il execute a buy trade
I hope this idea earns your likes and comments, that will really support me to keep providing you valuable analysis
Really appreciate your support and feedback
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Hello friends,
I did think previously that this zone is a distribution zone for profit-taking after a big run in the EURUSD, but this week I had many reasons to change my mind and believe this a position building zone.
I think we could see 1.2400-12500 fairly soon if the zone breaks out.
why 1.2400-12500?
first of all, it is an equal measured move from swing low to swing high which also is 2018 high as showing on the chart
how to trade it?
it was better to buy at 1.1600, but since i missed it, i will now wait for a break and close above 1.200 and watch price action from there to decide how il execute a buy trade
I hope this idea earns your likes and comments, that will really support me to keep providing you valuable analysis
Really appreciate your support and feedback
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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Disclaimer
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