EUR/USD LONG TRADE SETUP by baris3Target: 1.45
Stop loss: 1.12200
RR: 1.5
My experience from price action of this pair tells me this can go to maximum 1.12500. Which is 0.786 fib level. It already stopped at 0.618. Then it will bounce from here upwards strongly. There were positive news about EUR today which means banks did it intentionally to trap more traders before taking long positions.
EURO-USD-TRADE
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started.
Rounded Pattern:
Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range.
From the 3rd of April, we are seeing average volume trading.
Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks.
In the last update: I suggested to buy EURUSD:
The pair is turned aroundOur pair rose to the mark 1.490, in which has found the resistance level and at the moment goes to the mark of 1.1310 which previously was the support level.
Our technical indicators point to sale and we believe the local minimums will be updated.
Therefore we advise to look for points to enter short positions, taking into account a possible turn from the above-stated level.
However, in case of its overcoming, the pair can direct to marks 1.1260 and 1.12