As a trader, I have always looked at the fair value of assets that I am trading.
This means I do not get carried away when the price of an asset falls or
rises too quickly. This allows me to look for value and trade according.
📌EUR/USD breached the psychological 1.05 mark yesterday.
📌However, if we look closely at the chart, there is a fair demand at
this level. You can check the highlighted level in my chart.
📌So, if the zone at 1.05 holds, we can expect price to reach 1.0840
over the course of the next couple of weeks. This gives us a potential
long trade with 300+ Pips as target.
This means I do not get carried away when the price of an asset falls or
rises too quickly. This allows me to look for value and trade according.
📌EUR/USD breached the psychological 1.05 mark yesterday.
📌However, if we look closely at the chart, there is a fair demand at
this level. You can check the highlighted level in my chart.
📌So, if the zone at 1.05 holds, we can expect price to reach 1.0840
over the course of the next couple of weeks. This gives us a potential
long trade with 300+ Pips as target.
Note
Price above 1.05 is a good sign for the bulls. Let’s see what happens during the NY sessionNote
High impact data coming up in a few minutes.Note
Price closing above 1.0550 would increase the probability of a reversalNote
100 Pips secured so far
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.
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.