The price perfectly played out from my last post. The market literally tanked and hit the target. It has reached the support level where a bullish move occurred. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market. after a news report came out.
EURUSD
made a breakout of the key level at 1.08000. The price is testing a previous week low. If the price breaks and closes below the PWL, then we can expect the price to move lower toward levels 1.069 000 and 1.065000. Today we have another upcoming news that can potentially push in any direction. I expect the price to move lower from the key resistance zone around 1.08000. My goal is the support level at 1.06900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached:
The market went lower and reached the target level without any major pullback.
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