EUR/USD finally reaches 1.0720 level, time to sell?
Hello traders, EUR/USD has finally reached the 1.0720 level that I
predicted more than a week ago( previous idea pasted below for reference)
So, as I mentioned earlier, that the 1.0720 level is very interesting as it
happens to the top of the price channel as well as the 100-day
exponential moving average level. This is why I was able to
predict that price will most likely reach this level.
Now, keep in mind that whenever price hits such important confluence levels,
there is usually a pullback. So, based on that I sold EUR/USD@1.0715 and I am
expecting a pullback to at least 1.0640 by next week.
predicted more than a week ago( previous idea pasted below for reference)
So, as I mentioned earlier, that the 1.0720 level is very interesting as it
happens to the top of the price channel as well as the 100-day
exponential moving average level. This is why I was able to
predict that price will most likely reach this level.
Now, keep in mind that whenever price hits such important confluence levels,
there is usually a pullback. So, based on that I sold EUR/USD@1.0715 and I am
expecting a pullback to at least 1.0640 by next week.
Trade active:
Sold@1.0715
Comment:
This trade was closed at 1.0665 with 50 pips profit
