More confirmation on why this is bullish. Previous resistance has created a strong support at this level. Bears are unable to break below. Long targets 0.9960 stops are below 0.9800 This should be a strong trend changer trade of the week. This will inform us if the trend has shifted. Use proper money management.
Price has come to an important level of Demand. I expect a push higher from this point. Use proper money management. There is price inefficiency at this level
With ECB expected to hike the interest rates decision from 0.50 to 1.25 we could see anew bullish swing of the euro. BUY EurUsd at 0.99073 tp @ 1.0021 sl @ 0.9847, Looking at the price action we have an inside bar that has formed on the 1 hour chart. Use proper money management.
Weekly - retest of serious low looking to be ending with an engulfing candle after tomorrow
Daily - multiple divergence on the MACD and MA
4h -- MA divergence need to break above confirmation area then we can buy pull backs
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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MONTHLY FOREX MASTER SIGNAL
4 HOUR
Testing last H4 Lows expecting bullish pressure now following mid term trend
DAILY
Bearish Daily pressure occurred and took out last h1 long holders
WEEKLY
Overall very bullish, following this movement!
LEVELS
BUY EURAUD @ 1.61650
SL @ 1.59530 (210 Pips)
TP @ 1.64010 (230 Pips)
SL TO BREAK...
Opportunity
BUY EUR/NZD
Fundamentals
Recently Data in the Eurozone has been improving and there is much talk about when the ECB will start the process of tapering their QE program. Although inflation figures can be misleading to the untrained eye it is important to focus on what the Central Bank is Basing it's decisions on. Inflation increased by 1.3% in June...
