Looking to go long on a possible reversal of this counter-trend.
Going to keep an eye on this to see if the price breaks the counter-trendline so we can take a deeper look into a possible long position.
- MFI zone is over-sold. Should be looking for the reversal to the up-side
- price is in a support zone and nearly bounced off the 200-EMA
Going to keep an eye on this to see if the price breaks the counter-trendline so we can take a deeper look into a possible long position.
Comment:
EURUSD is starting to develop bullishly as predicted. If it breaks that counter-trendline, I will be looking to take a long position for at least 60 pips.
Trade closed: target reached:
Cheers 🥂