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ProjectSyndicate
Mar 29, 2021 7:45 AM

EURUSD H8: Best Levels to BUY/SELL TP+200/+400 (SL/TP)(NEW) Long

Euro Fx/U.S. DollarFXCM

Description

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EURUSD H8: Best Levels to BUY/SELL TP+200/+400 (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect more gains.


🔸 Summary and potential trade setup
::: EURUSD 8hours/candle chart review
::: revised/updated outlook
::: REVISED/UPGRADED TO BULLISH OUTLOOK
::: short-term more downside
::: targeting 1650
::: retail positioning in EURUSD
::: is mixed right now
::: 55 000 std lots short vs
::: 45 000 lots long
::: expecting BOUNCE later from key S/R
::: exactly same pattern as
::: previously in october 2020
::: decent gains on BUY SIDE from 1650
::: Bulls will target re-test of 1950
::: SL 50 pips TP BULLS is 1950
::: lower risk / recommended strategy
::: BUY LOW 1650/ SL 50 TP 1950 +350 pips
::: FINAL TP BULLS is 2000
::: chart looks strong but slow price action
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1650/1600 fresh demand zone
::: 1950/2000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
Mars-james
Thanks for sharing your idea
Jeams_stonis
I agree with you
KlejdiCuni
Great analysis mate!
bappykhalidhasan0
great work
UmarAbdurRehman
Nice idea, I have a view on GBPNZD here:
KlejdiCuni
Thank's for sharing updates buddy!
lmulhare
Thanks for sharing :)
thunderpips
Nice chart.
TRADiNG_hub
Very Possible Scenario 😍
Helical_Trades
Logical idea
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