EURUSD: Weekly overview and opportunities
Updated
Reasons to Long:
Bearish long-term channel
Last break was bearish
Reasons to Short:
Near a demand zone that coincides with the bottom of the channel, which is around 1.0620
It seems that a weak short-term zone appeared around 1.0680
Conclusion:
I predict a slightly bullish week. However, I'll wait to reach mid-term zones that can be found between 1.0760 and 1.0720 to short the pair. I don't recommend taking long trades here unless you are a scalper or an extremely short-term trader.
Note
Start searching for shorting confirmations. Do it according your strategyNote
Yet not any bearish confirmation for me! Share your idea if you find a LTF confirmation.Note
There were 2 bearish confirmations regarding my strategy I've entered in reversal but I left some of my risk capacity open. Let's see the result!Trade closed: target reached
Great profit!!
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