BUY EURUSD !! Great Short Term Opportunity
Great setup the EURUSD as we approach the key 1.00 level, this is a short term trading setup that if triggered will be valid for 1 -2 trading days.
We are approaching the 1.00 level which is were we got a nice rally from at the beginning of the month and price has been retracing back to this area for a first test we should see a reaction here again evident in slowing of momentum on the lower timeframes.
As you can see on the image above as we are approaching the Buy Zone I like to call it the trigger zone as it's where I will be looking to enter the market when the signal occurs. What we are seeing on the 1 hour above is price starting to slow down as we are approaching this area evident being we are seeing more bullish green candles (BUYERS) and also starting to see MACD divergence signals to appear. This is showing us that the likelihood of a short bullish move from here is highly likely.
What I want to happen before entering the market is for price to actually enter the trigger starting 1.0025 and below and wait for my indicator to give me a BUY signal on the 15 or 30 min chart or wait for a MACD divergence signal to appear on the 15min/30min charts then enter the position.
My stop loss will be under the daily buy zone around 0.992 and my target area is marked on the charts above this is a great opportunity it is also just what I will do and trade at your own risk.
Hope you enjoyed this breakdown
We are approaching the 1.00 level which is were we got a nice rally from at the beginning of the month and price has been retracing back to this area for a first test we should see a reaction here again evident in slowing of momentum on the lower timeframes.
As you can see on the image above as we are approaching the Buy Zone I like to call it the trigger zone as it's where I will be looking to enter the market when the signal occurs. What we are seeing on the 1 hour above is price starting to slow down as we are approaching this area evident being we are seeing more bullish green candles (BUYERS) and also starting to see MACD divergence signals to appear. This is showing us that the likelihood of a short bullish move from here is highly likely.
What I want to happen before entering the market is for price to actually enter the trigger starting 1.0025 and below and wait for my indicator to give me a BUY signal on the 15 or 30 min chart or wait for a MACD divergence signal to appear on the 15min/30min charts then enter the position.
My stop loss will be under the daily buy zone around 0.992 and my target area is marked on the charts above this is a great opportunity it is also just what I will do and trade at your own risk.
Hope you enjoyed this breakdown
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