Euro vs. Dollar - Long Term Swing Trading Idea - 31-th Dec 24'
Updated
EURUSD will probably take the liquidity below 1.0330 and hit a down channel trendline. In Q4 of 2022 the price started at levels over 0.9540 and built strong momentum into the beginning of Q3 2023. From there price started complex A-B-C correction, and now the price is in a C-5 wave.
Our medium term vision for the price is to initially retrace to levels over 1.0750-1.0800 and hit 1.0900 in Q1 of 2025. After that, the price will probably range from 1-2 months and will make another leg up to 1.1200-1.1400 level.
Follow the exact parameters of the signal.
Entry: 1.0350
Stop: 1.0250
Target 1/2: 1.0900, 1.1400
Our medium term vision for the price is to initially retrace to levels over 1.0750-1.0800 and hit 1.0900 in Q1 of 2025. After that, the price will probably range from 1-2 months and will make another leg up to 1.1200-1.1400 level.
Follow the exact parameters of the signal.
Entry: 1.0350
Stop: 1.0250
Target 1/2: 1.0900, 1.1400
Trade active
Entry: 1.0350
Stop: 1.0250
Target 1: 1.0900
Target 2: 1.1400
Note
The price took a liquidity below 1.0330, expecting V shape recovery in the next few hours. Trade closed: stop reached
Stop had been reached. Now we open new trade with 1/2 risk targeting same points with stop over 1.0200
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