Good Day all,
Here is my current analysis of the
EURUSD
going forward. Please read the entire passage to understand why I am swing trading this majorly.
We still have some bearish momentum shorter term left and therefore I have already cleaned up my charts, but there was 3 short opportunities within a longer term trend that is bullish. We are currently within a flag pattern and I am looking for a Retest equal of a upper trend line that was resistance turned now support but a miss of the flag structure for the start of the move upwards. The blue Box will be my buy zone(1.11700) with effective stop loss to make sure we hold above the trendline. This will be my first entry that is on the chart for my Long Entry. I am then looking for a break of the flag structure and a retest which serves as the second entry point confirming the bullish trend and also activating the flag pole length for Take profit 2 Zone at 1.16700. There will be a third entry zone then at the top trendline of monthly resistance which is looking strong currently to say this is for now TP1 zone at 1.14000. I am looking once again for a breakout and retest to go long a third time all the way up to our top TP zones.
I have a telegram channel which is public where i share all updates on trades etc.
Here is my current analysis of the
EURUSD
going forward. Please read the entire passage to understand why I am swing trading this majorly. We still have some bearish momentum shorter term left and therefore I have already cleaned up my charts, but there was 3 short opportunities within a longer term trend that is bullish. We are currently within a flag pattern and I am looking for a Retest equal of a upper trend line that was resistance turned now support but a miss of the flag structure for the start of the move upwards. The blue Box will be my buy zone(1.11700) with effective stop loss to make sure we hold above the trendline. This will be my first entry that is on the chart for my Long Entry. I am then looking for a break of the flag structure and a retest which serves as the second entry point confirming the bullish trend and also activating the flag pole length for Take profit 2 Zone at 1.16700. There will be a third entry zone then at the top trendline of monthly resistance which is looking strong currently to say this is for now TP1 zone at 1.14000. I am looking once again for a breakout and retest to go long a third time all the way up to our top TP zones.
I have a telegram channel which is public where i share all updates on trades etc.