TradingView
ForecastCity
Jul 20, 2020 7:05 PM

Don't miss the great buy opportunity in EDOUSD Long

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7900). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EDOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.

Take Profits:
TP1= @ 0.9900
TP2= @ 1.1500
TP3= @ 1.4200
TP4= @ 1.8000

SL= Break below S2

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Comments
Pro_Trader_007
thank you for the update.
ForecastCity
@Pro_Trader_007, It's a pleasure!
fxniki
I think this idea is excellent, as always! 👍
ForecastCity
@fxniki, Thanks! We appreciate your comment.
Shiva_forex
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
ForecastCity
@Shiva_forex, Thanks! ❤️
Forecast_Crypto
It is going toward the MARS!
ForecastCity
@Forecast_Crypto, Thanks for your comment.
sara-kian-fx
thanks a lot giving me a better direction and surely earning money
ForecastCity
@sara-kian-fx, You're very welcome!
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