Evening Traders,
Today’s analysis – EURUSD – trading above its Daily S/R, confirming a swing low failure will be considered bullish.
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- .618 Fibonacci S/R
- Swing High Objective
EURUSD’s immediate price action is pivotal, holding this current .618 Fibonacci S/R will allow for a bullish bias.
The Daily S/R has been respective as support, holding this low is critical for a confirmed trend change.
The objective is the Swing High, exceeding this level will increase the probability of testing the Local S/R Zone.
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,
“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
Today’s analysis – EURUSD – trading above its Daily S/R, confirming a swing low failure will be considered bullish.
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- .618 Fibonacci S/R
- Swing High Objective
EURUSD’s immediate price action is pivotal, holding this current .618 Fibonacci S/R will allow for a bullish bias.
The Daily S/R has been respective as support, holding this low is critical for a confirmed trend change.
The objective is the Swing High, exceeding this level will increase the probability of testing the Local S/R Zone.
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,
“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
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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.