Evening Traders,
Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective
EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.
The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective
EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.
The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.