Be careful when buying the EURUSD!
On Friday we saw EURUSD with an impulse to the upside due to the economic news.
That could continue throughout today as well. However it is not expected to be the beginning of a long term trend.
That's why if you will be buying look for targets around 1,1840-50 but not any higher.
From there we will be looking for exhaustion in price and possible rejection.
That will be a good opportunity to enter short for targets below 1,1700!
Right now we don't have a position here. We won't be buying!
We're waiting for a higher price and reversal signals so we could then sell.
We will give you an entry in our daily analysis, so make sure to follow us and leave a comment as well!
That could continue throughout today as well. However it is not expected to be the beginning of a long term trend.
That's why if you will be buying look for targets around 1,1840-50 but not any higher.
From there we will be looking for exhaustion in price and possible rejection.
That will be a good opportunity to enter short for targets below 1,1700!
Right now we don't have a position here. We won't be buying!
We're waiting for a higher price and reversal signals so we could then sell.
We will give you an entry in our daily analysis, so make sure to follow us and leave a comment as well!
Comment:
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
