Is it the right place? yes, you can say that.
We have S levels, we have demand zones, we have oversold etc.
But this trade is so crowded by now and that i don't like, coz trades like this one are so good for SL hunting.
So easy guys, take your time, give the trade some time, wait for
clean reversal signals, wait for bounce and retest etc.
My long term view for EUR is . And yes it have to make a correction and i wish a deep one :) but don't rush!
So here is a chart for the more aggressive trader and more eager to enter.
You can actually enter as far as those market areas in the chart below still intact!
the good thing is the strong support under that. That's why the title of this idea was Watch Out!
If this 4H close strongly above the TL would be a reason for long.
Otherwise enjoy the holidays