JustinNGng

EURUSD JUN/8/2023 Will Retest Strong Resistance Zone

Long
JustinNGng Updated   
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD has been affected by lately jobless claim report which helped boost it near 13-DAY Resistance Zone. A retest is a likelihood so suggestion here is a medium risk of a buying opportunity should be taken into account. The pattern has formed a bullish momentum candle creating a temporary valid short-term resistance to push the price near somewhere resistance zone to test.

----------------------------------------------------------------------------------------------------------------------
#--!!!YOU MUST CONSIDER NEWS, ECONOMIC EVENTS WHEN TRADING!!!--#

#--!!!TAKE INTO ACCOUNT BANK MONETARY POLICY OF CURRENCY YOU TRADE AND READ IT FOR HELFUL TRADING GUILDANCE!!!--#

#--!!!RISK MAXIMUM 1-2% OF YOUR ACCOUNT IS A CONSISTENT GOAL TO SUCCESS!!!-#

<3 HAVE FUN TRADING <3



Trade closed: stop reached:
Bear side was too strong and the price did not retest its upper resistance zone. Bad luck here as we saw a solid pull back candle and set a small profit trade as the price might have gone up a little. However, the stop loss was not too far so I think we had lost an acceptable amount. Good job on those who went short btw <3
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.