Good Morning traders,
First day back this week we noticed DXY broke last week's low with a strong movement causing EURUSD and GBPUSD to break last week's high. This indicates that EURUSD and GBPUSD is now looking for a bullish movement.
As you can see above, last week price didnt come to our entry point and just tapped at discount and took off.
This week we are looking to buy EURUSD at the marked area above at price 1.06150 - 1.05900 range which lies just at a discount. Of course we will wait to see how price reacts near the area and wait for the confirmation. More updates will be posted below
First day back this week we noticed DXY broke last week's low with a strong movement causing EURUSD and GBPUSD to break last week's high. This indicates that EURUSD and GBPUSD is now looking for a bullish movement.
As you can see above, last week price didnt come to our entry point and just tapped at discount and took off.
This week we are looking to buy EURUSD at the marked area above at price 1.06150 - 1.05900 range which lies just at a discount. Of course we will wait to see how price reacts near the area and wait for the confirmation. More updates will be posted below
Comment:
We may see a reveral at this area as this is the premium entry of the long term down trend
Comment:
New idea posted
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