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Eurlong

EURUSD Update, approaching buy zone Hello everyone, this is next update on eurusd as it's apporaching our buy zone which ~40 pips away. I will be looking at price action at this levels to get into long position. We have 50% fib, onetoone formation and retest of previous high. This indicate that we may see a stron support at those levels. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
1
$EURAUD BULLISH. Target 1.5995. EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and as you can see from the chart, it had been getting rejected by Senkou A (the top boundary of the cloud), multiple times and when it had broken out from it at the start of December, it was followed by a +1% increase. We had been oversold in this market and there was a bullish divergence forming on RSI and momentum, all to support the bullish argument for the pair. I will hold the position with a trailing stop until the target is reached. Follow me for more trade ideas and market analyses. Best, Umit *This is not investment advice.
Long
by UmitAbdulkasim
6