EURUSD is beeig longtime in downtrend. At least last highs are overwritten (highest highs) and EURUSD is showing strength (only technically, fundamentally it is weak) changing its downtrend to uptrend! So most adekvate entry point is then it will overwrite low point (support + weak divergence). This is good entry point because StopLoss is short and potential (TakeProfit) is good !
Note
Idea is still in work. Just wait ! And do not forget - if i'm wrong then you we all use risk and money management ! Yes !? Yes ! This move will occur today during FOMC minutes ...Order cancelled
Not reached limit order
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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.