TradingView
Mason2k
Nov 13, 2022 12:20 AM

better to long EURUSD 📈 Long

Euro Fx/U.S. DollarFXCM

Description

â‹…
As you can see EURUSD is in a bullish trend
better to wait for a correction before entering the market
the price between 1.02749 to 1.02875 is a good place to enter the long trend

Also, there is a chance for the price to go back to the 0.99610 area so I'm going to enter with confirmation

Comment

â‹…
Price after touching the 1.02749 to 1.02875 area a good place to enter the long trend

After reaching the 1.02749 to 1.02875 (demand zone), the price was not able to break it, and as expected, the demand is controlling the market and broke the price up, and now it is reacting to the first supply range.
Comments
The_Watch_Dog_M
â‹…
Check out my idea, correction to the parity zone is should indicate a 4th touch on the support line, and a 4th touch on the 1D trendline should be the big reversal for a nice long position.
Mason2k
â‹…
@The_Watch_Dog_M, there is a high chance for that to happen because of the overall trend of higher timeframes but it needs patience, 0.99603 is the area I'm looking for buy as well if I see any sign of shifts in the market but for now, I'm bullish
JoeChampion
â‹…
Good thinking, i agree on USD weakness!
Mason2k
â‹…
What do you think?
More