When should we buy EURUSD?
The direction and the target remains the same, just like what we said in our analysis yesterday
If you have an entry, then you're waiting for price to reach 1,1950.
If you don't yet have a position, then you could be watching out for price action around the London open.
There is a chance that we could see another push down to 1,1840 before price actually goes to our target.
This will be an even better entry opportunity. This way we will actually have a better risk to reward ratio.
That's why we will be looking for price to go down to our support zone and possibly give us a reversal candlestick formation.
*We won't be opening positions if price makes a downside impulse and it closes below the zone.
Follow how this situation will develop in our daily analysis!
Support us by follow, like and leave a comment!
If you have an entry, then you're waiting for price to reach 1,1950.
If you don't yet have a position, then you could be watching out for price action around the London open.
There is a chance that we could see another push down to 1,1840 before price actually goes to our target.
This will be an even better entry opportunity. This way we will actually have a better risk to reward ratio.
That's why we will be looking for price to go down to our support zone and possibly give us a reversal candlestick formation.
*We won't be opening positions if price makes a downside impulse and it closes below the zone.
Follow how this situation will develop in our daily analysis!
Support us by follow, like and leave a comment!
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