EUR/USD - buy on 4H - TP 1.118
Updated
market price is searching currently a bottom building area and is currently near first strong support area. Supports in this area are as follows:
-market price reached 61,8 fibonacci trend line and started retracement movement on 4H which is bullish indicator
-market price reached 50 day moving average which is support / buy area
-stochastic RSI baseline going to cross bullish which brings buyers into the market
-regular RSI reached first support area and could confirm up trend movement, expect again fast market price up movement if this happens
-market price reached 61,8 fibonacci trend line and started retracement movement on 4H which is bullish indicator
-market price reached 50 day moving average which is support / buy area
-stochastic RSI baseline going to cross bullish which brings buyers into the market
-regular RSI reached first support area and could confirm up trend movement, expect again fast market price up movement if this happens
Trade active
bottom bulding in drawn area finishedTrade closed: stop reached
trailing stop reached at entry
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
Disclaimer
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.