Hello Fellow Traders
Here we have a EURUSD Long trade idea.
please support if you agree with the idea!
Technical Analysis:
We can see EURUSD creating a Base rally base + The price is heading to the Support zone that it should bounce up from!
Yellow line represent support
We can also see divergence on the Awesome Oscillator!
Fundamental Analysis:
We are expecting the USD to weaken due to the new Covid variant which in turn would help the Euro to rise.
Overall
Our analysis tells us this pair should push upwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further.
Please not i am flexible with my SL due to that we may experience a Stop Loss Hunt, i will update the idea whenever i close my position due to either SL or TP.
TP not accurate and might partially my position cahead of time in order to lock in profits and not be greedy!
If you want to improve your trading, follow me on Twitter!
Trade with caution and make sure you do not forget Risk Management!
Best of luck!
Here we have a EURUSD Long trade idea.
please support if you agree with the idea!
Technical Analysis:
We can see EURUSD creating a Base rally base + The price is heading to the Support zone that it should bounce up from!
Yellow line represent support
We can also see divergence on the Awesome Oscillator!
Fundamental Analysis:
We are expecting the USD to weaken due to the new Covid variant which in turn would help the Euro to rise.
Overall
Our analysis tells us this pair should push upwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further.
Please not i am flexible with my SL due to that we may experience a Stop Loss Hunt, i will update the idea whenever i close my position due to either SL or TP.
TP not accurate and might partially my position cahead of time in order to lock in profits and not be greedy!
If you want to improve your trading, follow me on Twitter!
Trade with caution and make sure you do not forget Risk Management!
Best of luck!
Comment:
By far the most accurate trade i have ever made. TP hit! Congrats