Let's talk about EURONEXT:EUR
take a closer look at EURUSD on the monthly time frame, you can see the last 3 candles all have been closed inside May's monthly candle (the one that I highlighted yellow).
There are still 2 days left till the September candle closes and that close is a game-changer!
I have marked May's low with a blue horizontal line, and May's high with a black horizontal line. these 2 lines give us our range levels.
If this Month's candle manages to close inside this range, just like how the other 3 did, then we have the range high in our sight for EURONEXT:EUR's possible target.
If it closes below the blue line, below the range, then we are heading to parity level!
pretty straightforward chart if you ask me. It's just very important to mark the true range and trade based on the levels that it gives to you. I made that part easy for you.🤝
You can show your support and warm gratitude with a like and a follow fam.
take a closer look at EURUSD on the monthly time frame, you can see the last 3 candles all have been closed inside May's monthly candle (the one that I highlighted yellow).
There are still 2 days left till the September candle closes and that close is a game-changer!
I have marked May's low with a blue horizontal line, and May's high with a black horizontal line. these 2 lines give us our range levels.
If this Month's candle manages to close inside this range, just like how the other 3 did, then we have the range high in our sight for EURONEXT:EUR's possible target.
If it closes below the blue line, below the range, then we are heading to parity level!
pretty straightforward chart if you ask me. It's just very important to mark the true range and trade based on the levels that it gives to you. I made that part easy for you.🤝
You can show your support and warm gratitude with a like and a follow fam.
Comment:
(the one that I highlighted **red** not yellow). sorry for this small inconvenience, the original post was from my twitter page and I didn't edit it before sharing here