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Investroy
Apr 27, 2023 7:59 PM

EURUSD: BULLISH BREAKOUT ON THE WAY? Long

EUR/USDOANDA

Description

As our previous EURUSD idea played out perfectly, we're now looking to break our previous target which currently holds up as a resistance zone. The initial attempt to breakthrough was rejected; however, as the wedge keeps on getting tighter and tighter it is clear that the breakout is inevitable. Buying off the trendline might be a move for some traders; however, we prefer to play it safe, so we will be looking for a nice retest first. The breakout should bring a directionality of a few hundred pips, so the good R:R is ensured! We'll mostly keep an eye on this pair for the next week.
Comments
ProSignalsFx
Its possible yes!
Investroy
@ProSignalsFx absolutely!
TopTradingSignals
Bless!
Investroy
@TopTradingSignals thank you, brother 🙏🏼
SignalProvider
Thanks for sharing!
Investroy
@SignalProvider anytime, buddy!
KlejdiCuni
Interesting pattern. Thanks for sharing.
Investroy
@KlejdiCuni thanks for your feedback, Klejdi!
WalterMoon
Noted, thank you!
Investroy
@WalterMoon we’ll see how it unravels next week 🤝
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