Previously, we went short on EURUSD at the resistance zone; our target was reached. Now, we will look to reanalyse EURUSD and wait for another opportunity to present itself. EURUSD is currently at a supportive trendline, presenting an opportunity for bulls to go long, aiming for the resistance zone.
Bears, however, can wait for a break and retest of the supportive trendline before going short on the pair.
Traders should ideally wait for the market to make a move and give a valid entry that satisfies their strategy before opening a position. Do not open positions based on your (or anyone's) predictions.
Be sure to follow me for more ideas and analyses.
Best of luck traders!
Bears, however, can wait for a break and retest of the supportive trendline before going short on the pair.
Traders should ideally wait for the market to make a move and give a valid entry that satisfies their strategy before opening a position. Do not open positions based on your (or anyone's) predictions.
Be sure to follow me for more ideas and analyses.
Best of luck traders!
Trade active
Long position has been opened and is in profits. Lock your profits and hold for take profit.Trade closed: target reached
Take profit hit!
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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.
Related publications
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.