EURUSD BOTH WAYS
As we forecast downtrend for this day I suggest A sell (limit) below 1.1805.
But the short term forecast is range bound, so we expect to reach the following targets: 1.175. and 1.1735.
Set the stoploss of these orders at breakout of 1.1825.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of 1.1825.
In this situation, there is an expectation to reach the target 1.19.
Set the stoploss of reverse orders at 1.1805 to support retest.
But the short term forecast is range bound, so we expect to reach the following targets: 1.175. and 1.1735.
Set the stoploss of these orders at breakout of 1.1825.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of 1.1825.
In this situation, there is an expectation to reach the target 1.19.
Set the stoploss of reverse orders at 1.1805 to support retest.
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.