EURUSD broke on Friday the 4H MA50 (blue trend-line) and closed the session (1D candle) above it for the first time since June 01. Today it is testing the same level as a Support, which is the key to a potental uptrend as if it holds, the (short-term at least) trend reverses towards the 4H MA200 (orange trend-line) and the 1D MA200 (red trend-line) which both are on the Pivot Zone (green) of the long-term Triangle as described on our most recent idea:
This seems to be the most optimal long-term buy level for 1.21750, but even on the short-term if you seek a low risk trade, you can wait until the Channel Up breaks upwards and target 1.2000 which is the top of the Pivot Zone and where projected contact with both the 4H MA200 and the 1W MA200 can be made.
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This seems to be the most optimal long-term buy level for 1.21750, but even on the short-term if you seek a low risk trade, you can wait until the Channel Up breaks upwards and target 1.2000 which is the top of the Pivot Zone and where projected contact with both the 4H MA200 and the 1W MA200 can be made.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ridethepig
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.