Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURUSD, QUICK UPDATE, WHAT'S NEXT
As we mentioned in the previous analysis for EURUSD, if we kept moving lower then we will be approaching our strong support zone.
Meanwhile and for now price is still overall bearish making clean lower lows and lower highs.
However, as we mentioned price is approaching a strong support zone, where we will be looking for new longs.
For the bulls to kick in we need a new swing high to be formed around the trendline lining up with the previous swing lows, then a break
1-2 risk to reward ratio from a risk management perspective.
For the bulls to keep moving higher from a medium-term perspective price need to break the upper major swing high, then a moving higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EURUSD, QUICK UPDATE, WHAT'S NEXT
As we mentioned in the previous analysis for EURUSD, if we kept moving lower then we will be approaching our strong support zone.
Meanwhile and for now price is still overall bearish making clean lower lows and lower highs.
However, as we mentioned price is approaching a strong support zone, where we will be looking for new longs.
For the bulls to kick in we need a new swing high to be formed around the trendline lining up with the previous swing lows, then a break
1-2 risk to reward ratio from a risk management perspective.
For the bulls to keep moving higher from a medium-term perspective price need to break the upper major swing high, then a moving higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Comment:
Glad to see you there: t.me/Snipers_F_x