Reasons why I think EUR/USD can move up:
— Price bounced up 2 times from key level 1.1534 + H4 candle close upper it.
— Also daily candle close upper key level 1.1527.
— That's why I think up move will continue.
— Near 1.1534 I can set low risk 25 pips. Potential profit in 3 or 7 times bigger.
Dear trader i want to share with you "Holly Grail" of trading. You don't need to be right in 100% situations, because as a trader i trade probabilities only. I open a position when i can get 3 times more than my risk. In such situation even if i have 50% of profit deals i still earn money and sleep very calmly.
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You are missing a bigger picture, on monthly there's a nasty candle looking very bearish, that yellow zone is barely holding up and don't forget the US economy sentiment and why dollar is strong fundamentally compared to EU.
Don't just draw lines, you are completely missing the point technically from other timeframes and fundamentally from what's going in EU. A very bad analysis on your side.