EU Long
Updated
SWING IDEA
⭐️ Daily: EurUsd is in a bullish trend and it is creating a clear sequence of higher lows. The price break and retest 1.19500 daily level and now is trying to break the next daily level (1.21500) to continue higher.
⭐️ H4: Even in this timeframe, we can notice that price is creating a sequence of higher lows and, what we can expect now, is the creation of a new higher low at 71% Fibonacci's zone that meet a strong spike level (liquidity zone) on the left.
⭐️ H1: Here we can refine our analysis one time that price is near the zone mentioned before. I don't want to analyze too much H1 timeframe because, as you have surely notice, this week has been full of strange movement dictated by some fundamental factors and by a strong stop hunting.
So, If you want try to catch a move today my tip is to wait for the price in the zone of interest and only after that to watch the price in lower timeframes so we can have more confirmations.
This week was a bit peculiar as I said before but, with a lot of patience, we finally can see the market is back at the levels we were expecting at the beginning of the week. Patience is everything in trading games.
EUR is very strong against AUD in this moment so our probabilities for a long are quite good.
NEWS TO CHECK:
🐂 2:30pm USD Core PCE Price Index m/m
USD Goods Trade Balance
USD Personal Income m/m
USD Personal Spending m/m
USD Prelim Wholesale Inventories m/m
🐂 3:45pm USD Chicago PMI
🐂 4:00pm USD Revised UoM Consumer Sentiment
USD Revised UoM Inflation Expectations
🙏🏼 Namasté
⭐️ Daily: EurUsd is in a bullish trend and it is creating a clear sequence of higher lows. The price break and retest 1.19500 daily level and now is trying to break the next daily level (1.21500) to continue higher.
⭐️ H4: Even in this timeframe, we can notice that price is creating a sequence of higher lows and, what we can expect now, is the creation of a new higher low at 71% Fibonacci's zone that meet a strong spike level (liquidity zone) on the left.
⭐️ H1: Here we can refine our analysis one time that price is near the zone mentioned before. I don't want to analyze too much H1 timeframe because, as you have surely notice, this week has been full of strange movement dictated by some fundamental factors and by a strong stop hunting.
So, If you want try to catch a move today my tip is to wait for the price in the zone of interest and only after that to watch the price in lower timeframes so we can have more confirmations.
This week was a bit peculiar as I said before but, with a lot of patience, we finally can see the market is back at the levels we were expecting at the beginning of the week. Patience is everything in trading games.
EUR is very strong against AUD in this moment so our probabilities for a long are quite good.
NEWS TO CHECK:
🐂 2:30pm USD Core PCE Price Index m/m
USD Goods Trade Balance
USD Personal Income m/m
USD Personal Spending m/m
USD Prelim Wholesale Inventories m/m
🐂 3:45pm USD Chicago PMI
🐂 4:00pm USD Revised UoM Consumer Sentiment
USD Revised UoM Inflation Expectations
🙏🏼 Namasté
Order cancelled
Strange movements last week so I manually cancelled this trade. Let's see in the next days a possible new setup. 🙏🏼 Namasté
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