Higher high, higher low, bounce off 200ema, targeting next area of resistance and the following area as TP1 and TP2 respectively. Let's see if it plays out.
Trading Idea --- NOT AN INVESTMENT OPPORTUNITY
Short Opportunity - Read description. Quite straightforward, targeting the demand zone at 1.2056 area. May go down further but will be looking to take most profits at 1.2056 region. Could get close to the major 1.20 support level.
TRADE IDEA --- NOT AN INVESTMENT OPPORTUNITY
US DOLLAR, EUR/USD TALKING POINTS:
The US Dollar is continuing to fall after last week’s NFP release helped to re-energize bears.
The USD move has helped to catapult EUR/USD to fresh two-month-highs as the pair tests a big zone of resistance.
This week’s economic calendar has high-impact releases from the US on Wednesday for inflation and Friday for retails sales...
BOOM! Just as predicted in my previous analysis. 50 Pips so far in profit, closed 90% of my position and awaiting a possible retest of the daily pivot @ 150.655. If we break this zone the next area to look out for will be the low 150's (150-150.250). Done for the day 🤙🔥
I entered the trade on 5M time frame, on an indecision candle that broke the resistant level. I jumped into the trade very quickly as I saw the move was going to happen due to the strength in the Pound and weakness in the dollar. Also, it tested the resistant line multiple times before breaking through it.
IDEA (not trading advice, trade at your own risk). Uptrend, higher highs and higher lows. Healthy bullish bounce off 12 emas, easy V-shaped/one-legged pullback move to the upside, targeting next resistance area. Stop losses just under previous swing low.