Good Morning traders,
This morning we see 2 very good buy entries for EURUSD, both potentially in the discount pricing zone. We will wait for more confirmation once price taps into those areas. We can clearly see that EURUSD is bullish as indicated by increasing volume as price makes higher highs as last week, EURUSD never really entered discount pricing zone, instead, it just tapped 0.50% discount and took off showing that the buying power is high and supply is being absorbed
EURUSD started its bullish trend after creating weekly double bottom.
We are looking to buy EURUSD this week and perhaps sell counter trend if we get confirmation. However, counter trend trades are risky and therefore we use immediate SL to breakeven and target the nearest Point of Interest where price could react.
We will update more as price moves
This morning we see 2 very good buy entries for EURUSD, both potentially in the discount pricing zone. We will wait for more confirmation once price taps into those areas. We can clearly see that EURUSD is bullish as indicated by increasing volume as price makes higher highs as last week, EURUSD never really entered discount pricing zone, instead, it just tapped 0.50% discount and took off showing that the buying power is high and supply is being absorbed
EURUSD started its bullish trend after creating weekly double bottom.
We are looking to buy EURUSD this week and perhaps sell counter trend if we get confirmation. However, counter trend trades are risky and therefore we use immediate SL to breakeven and target the nearest Point of Interest where price could react.
We will update more as price moves
Comment:
Potential sell on EURUSD
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