We're currently watching the EURUSD pair, looking for an opportunity to go long. What we're looking for is the price to create a bullish flag and consolidate.
Once we see a flag form, we'll enter long on the break of the flag! For the past month, EURUSD seems to really like the 50% retracement level, and we're expecting a bounce from there.
The 50% fib zone is also where the monthly trend lines up!
Things to note; We're not entering long until we have confirmation!! Don't want any misconceptions! We'll update this post if we do enter long.
Follow us here on Tradingview to be notified when we post a new analysis! Thank you for taking the time to check out our analysis! Have a fantastic trading week.
If you have any questions or concerns, please don't hesitate to ask!
Once we see a flag form, we'll enter long on the break of the flag! For the past month, EURUSD seems to really like the 50% retracement level, and we're expecting a bounce from there.
The 50% fib zone is also where the monthly trend lines up!
Things to note; We're not entering long until we have confirmation!! Don't want any misconceptions! We'll update this post if we do enter long.
Follow us here on Tradingview to be notified when we post a new analysis! Thank you for taking the time to check out our analysis! Have a fantastic trading week.
If you have any questions or concerns, please don't hesitate to ask!
Comment:
Entering long on the break of the flag on the 1HR... Nice bounce off the .50.. if it drops below the 0.618 retracements the trade will be canceled!
Trade active:
Entered long!
Comment:
!!
Trade closed manually:
Breaking down, closed for breakeven!