I was bullish EURUSD yesterday and it served well. EURUSD opened at 1.0850 or so and it just go up. I said 1.0880 is a level where we can get a pullback and indeed, there is a 20pips pullback, price held at PZ then rallied another 60 pips up. However price did not hit my price target before it pulled back.
Daily price action is bullish but price closed just at the BZ, unable to close above. I have no strong views for today but 1.0902 is the strong level to watch. I would like to see price re-test 1.0902 for a rejection and possible short to 1.0844 and then we watch the reaction there, if market can find support and make a higher low for a move to my target 1.0962, else a break lower to 1.0804. If price just goes down from now at 1.0872 to the level at 1.0844, the same trade applies.
Daily price action is bullish but price closed just at the BZ, unable to close above. I have no strong views for today but 1.0902 is the strong level to watch. I would like to see price re-test 1.0902 for a rejection and possible short to 1.0844 and then we watch the reaction there, if market can find support and make a higher low for a move to my target 1.0962, else a break lower to 1.0804. If price just goes down from now at 1.0872 to the level at 1.0844, the same trade applies.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.