EURUSD Long, RR 1 : 2.5
EURUSD has rejected from weekly support at the price of 1.1130 area. I am expecting an upside for this pair to next weekly resistance area .
Reason :
- 3x times weekly candlestick has struggled to go below 1.1130 price leaving long daily candle tail below.
- Higher high formed in 4-hourly TF.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.1170 area ; TP : 1.1300 (+130pips) ; SL previous low.
Risk Reward 1 : 2.5
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- 3x times weekly candlestick has struggled to go below 1.1130 price leaving long daily candle tail below.
- Higher high formed in 4-hourly TF.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.1170 area ; TP : 1.1300 (+130pips) ; SL previous low.
Risk Reward 1 : 2.5
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active
Entered LONG via BUY LIMIT at day low 1.1175 area.Trade active
Almsot +100pips on hand now, move SL to 1.1210 - secure a RISK FREE trade.Trade closed: target reached
TP 1.1300 hitted ! I hope you all enjoyed my analysis.
Note
1.1400 broken, very bullish momentum.
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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.