Hello for next week I am looking to long the eurusd pair around 1.08 area. This is because the price is aleady around the weekly strong support and moving to the weekly resistance above around 1.093 - 1.094. To add, if you look at the h4 timeframe, there is a resistance becomes support and this is a good indicator of it to move upwards.
Strategy -
swing position
focus on buy
every pullback down is a chance to buy
SL is around 1.072 and TP is 1.093
100+ pips target!
Feel free to comment on my analysis and good luck!
Note
Price is moving towards TP, you can take partial entries here and let the rest ride till targets reached! any pullback is a chance to buy more - valid until stop loss.
Trade closed: stop reached
Even though price hits my SL but i already suggested to take partials. It is ok! Better luck next time!
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.
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.