As predicted in my previous idea, EURUSD rose from 1.0850 to 1.1050 level from where it pulled back. Price moved exactly as predicted, check previous idea below for reference. Currently, EURUSD is hovering around the dynamic support level in the 4Hour time frame and also at the ascending trend line that I have highlighted in my chart. If price stays above the key zone( highlighted with an ellipse) in my chart, EURUSD can continue the uptrend. Long entries between 1.0890-1.09 with SL below 1.0850 and TP at 1.1050 would be valid. Keep in mind that my long-term bias for EURUSD is bearish. If price reaches the 1.1050 level again, I would be looking to sell with 1.05 as my long-term TP.
I think it might work. Before reading the idea, I did my own analysis of this asset and also came up with a similar scenario for the price movement.
Solldy
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It's amazing! I spent a lot of time today weighing the arguments for and against, but you were able to describe it much better. Thanks for the work, mate! I just hope you focus more on the volume of asset trades in your next posts.
JoeChampion
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good TA, what do you think of the coming FOMC?
BKTradingAcademy
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We’re on the same page here. 🙌
Williamforex
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perfect idea
FOREXN1
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Bravo I'm long too here ! Where did you place your SL ?