EURUSD POTENTIAL LONG OPPORTUNITY (1D CHART)
EURUSD POTENTIAL LONG
IF YOU TAKE A LOOK AT THE EURUSD CHART YOU CAN START TO SEE SOME CHARACTERISTICS OF A POTENTIAL BULLISH MOVE ON THIS PAIR. YOU CAN SEE THERE WERE LOWS CREATED AROUND 1.11300 BEFORE PRICE MADE A DOUBLE BOTTOM AND A PUSH TO THE UPSIDE BREAKING RECENT STRUCTURE ON THE DAILY TIMEFRAME. THE SELLERS BROUGHT PRICE BACK DOWN AND AS YOU CAN SEE THE BUYER WAS ANXIOUS TO BUY PRICES AND CREATED A HIGHER LOW ON THE CHART WITH ANOTHER BULLISH MOVE THAT BROKE RECENT STRUCTURE AT THE 1.12700 AREA. IT IS STARTING TI DISPLAY THAT THE BUYER HAS INTEREST IN THIS PAIR AND THAT THE TENDENCIES ARE MOVING OVER TO THE BULLISH SIDE. LETS KEEP AN EYE OUT FOR ANOTHER POSSIBLE WEAK SELLER RE-TEST TO THE DOWNSIDE STRUCTURE AROUND 1.1300 AREA AND A POTENTIAL MOVE TO THE UPSIDE. LETS TAKE A LOOK
1D CHART:
*PRICE IS MAKING HIGHER LOWS
*DOUBLE BOTTOM WITH BUYER MOMENTUM
*WEAK SELLER RE-TEST WITH BUYER PUSH
*BREAKING STRUCTURE TO THE UPSIDE
4H CHART:
*PRICE IS SHOWING THE START OF AN UPTREND TO THE UPSIDE
*RECENT SELLER HAS NOW BEEN BROKEN ON THIS TIMEFRAME
-WHAT I MEAN BY RECENT SELLER IS THE LAST SELLER PUSH TO MAKE THE LOWER LOW (DB)
*LOOK AT THIS CHART FOR BETTER RISK/REWARD ENTRY
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT WHEN TRADING. NONE OF THESE SETUPS ARE A GUARANTEE AND ARE PRODUCED FROM TECHNICAL ANALYSIS OF THE MARKET.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE SETUPS! CHEERS!
IF YOU TAKE A LOOK AT THE EURUSD CHART YOU CAN START TO SEE SOME CHARACTERISTICS OF A POTENTIAL BULLISH MOVE ON THIS PAIR. YOU CAN SEE THERE WERE LOWS CREATED AROUND 1.11300 BEFORE PRICE MADE A DOUBLE BOTTOM AND A PUSH TO THE UPSIDE BREAKING RECENT STRUCTURE ON THE DAILY TIMEFRAME. THE SELLERS BROUGHT PRICE BACK DOWN AND AS YOU CAN SEE THE BUYER WAS ANXIOUS TO BUY PRICES AND CREATED A HIGHER LOW ON THE CHART WITH ANOTHER BULLISH MOVE THAT BROKE RECENT STRUCTURE AT THE 1.12700 AREA. IT IS STARTING TI DISPLAY THAT THE BUYER HAS INTEREST IN THIS PAIR AND THAT THE TENDENCIES ARE MOVING OVER TO THE BULLISH SIDE. LETS KEEP AN EYE OUT FOR ANOTHER POSSIBLE WEAK SELLER RE-TEST TO THE DOWNSIDE STRUCTURE AROUND 1.1300 AREA AND A POTENTIAL MOVE TO THE UPSIDE. LETS TAKE A LOOK
1D CHART:
*PRICE IS MAKING HIGHER LOWS
*DOUBLE BOTTOM WITH BUYER MOMENTUM
*WEAK SELLER RE-TEST WITH BUYER PUSH
*BREAKING STRUCTURE TO THE UPSIDE
4H CHART:
*PRICE IS SHOWING THE START OF AN UPTREND TO THE UPSIDE
*RECENT SELLER HAS NOW BEEN BROKEN ON THIS TIMEFRAME
-WHAT I MEAN BY RECENT SELLER IS THE LAST SELLER PUSH TO MAKE THE LOWER LOW (DB)
*LOOK AT THIS CHART FOR BETTER RISK/REWARD ENTRY
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT WHEN TRADING. NONE OF THESE SETUPS ARE A GUARANTEE AND ARE PRODUCED FROM TECHNICAL ANALYSIS OF THE MARKET.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE SETUPS! CHEERS!
Trade closed manually:
Too much seller momentum ATM. Waiting to see how price action plays out before looking to do anything ! Cheers!