EURUSD: Watching for a long set up
Updated
No active trades going. The short set up never materialized due to unfavorable R/R. Looking for more confirmation of a long entry with 3:1 R/R.
Key resistance levels: 1.0834 & 1.0805
The first needs to hold with strong reversal. If the second is approached, trend continuation is invalid.
1W:
Key resistance levels: 1.0834 & 1.0805
The first needs to hold with strong reversal. If the second is approached, trend continuation is invalid.
1W:
Note
IF the trade develops, probably will take a couple days. Note
Still waiting.First key resistance is still holding. However, momentum has yet to turn as selling pressure continues. Very likely this won't develop into a viable trade.
Note
This specific trade set up is no longer valid.
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