Hello everyone. First of all, I'm bearish on EURUSD from long-term perspective, but it doesn't mean we couldn't find good bullish setup for trading, especially when the pair rebounded from the low around 1.3 created in Dec of 2016.
On the daily chart, EURUSD is on the uptrend as it took over the recent high as well as the downtrend line. Sellers' pressure came in at the whole number 1.8.
What I'm expecting is pullback long opportunity as marked on the daily chart. The rally-base-rally demand zone(1.0528-1.0567) is confluence with key fib retracement. I set alert for the revisit.
If the pair goes as expected, it'll be a trade with a risk reward ratio at least above 5.
What do you think? Give me a like if you're with me.
On the daily chart, EURUSD is on the uptrend as it took over the recent high as well as the downtrend line. Sellers' pressure came in at the whole number 1.8.
What I'm expecting is pullback long opportunity as marked on the daily chart. The rally-base-rally demand zone(1.0528-1.0567) is confluence with key fib retracement. I set alert for the revisit.
If the pair goes as expected, it'll be a trade with a risk reward ratio at least above 5.
What do you think? Give me a like if you're with me.
Order cancelled:
The surging inflation increased the possibility of more aggressive rate hikes, which favor dollar index. The demand got penetration with big bearish candle. Momentum plays.
plan your trade and trade your plan