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EURUSD: That is What We Need to Buy Safely 🇪🇺🇺🇸
Euro / U.S. Dollar
Long
EURUSD: That is What We Need to Buy Safely 🇪🇺🇺🇸
By VasilyTrader
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Updated
May 6, 2021
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12
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May 5, 2021
Hey traders,
EURUSD is currently testing strong daily structure support.
For now, the market still looks bearish,
so it's quite risky to buy based on a current perspective.
The confirmation that I am looking for is a bullish breakout of a falling wedge pattern on 4H.
We need a 4H candle close above its resistance to buy.
Targets will be:
1.2065
1.2105
In case if the price violates an underlined yellow zone to the downside,
our setup will be invalid.
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May 6, 2021
Note
Check my new analysis on EURNZD:
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