Hello guys!
It is my perspective on eurusd!
Before we even reach the major resistance zone around 1.2050–1.2100, I’ve highlighted two long-term opportunities that may unfold as the price continues to climb.
✔ First Long Position:
✔ Second Long Position:
It is my perspective on eurusd!
Before we even reach the major resistance zone around 1.2050–1.2100, I’ve highlighted two long-term opportunities that may unfold as the price continues to climb.
✔ First Long Position:
- It looks like a more conservative entry. The price is already above it. You can set a pending position!
- It was likely aiming to catch the momentum as the price broke above the previous structure.
- TP is near the descending trendline, around 1.2050–1.2100. a smart place to exit before major resistance hits.
✔ Second Long Position:
- Positioned slightly lower. probably in case of a pullback or retest into the broken zone.
- This one offers better risk-reward, but requires patience and a cleaner retracement.
- Both longs are short-to mid-term swing ideas, aiming to ride the bullish leg into the bigger trendline rejection zone, where I’d personally be more cautious or even look for reversal setups.
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Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.