EUR/USD Trading Idea Week 33 (12/08/2019) Many Rejections!
I am seeing multiple rejection since last week daily closes
Currently 1.1250 acting as resistant region
while 1.1180 act as support area
A solid daily close below 1.1180 area will open price to retest previous lows of 1.10xx area
A very good R:R SELL trade can be executed here with SL somewhere above the resistant zone with decent buffer
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
Currently 1.1250 acting as resistant region
while 1.1180 act as support area
A solid daily close below 1.1180 area will open price to retest previous lows of 1.10xx area
A very good R:R SELL trade can be executed here with SL somewhere above the resistant zone with decent buffer
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
Comment:
100pips+ gains on last week call out
Now we watch 1.106x area then 1.102x area again on next week movement
Now we watch 1.106x area then 1.102x area again on next week movement
Comment:
150pip+
Back to retest previous support 1.10 area