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WavesandZones

EURUSD Analysis for a Positional Trade with amazing Reward

Long
Euro / U.S. Dollar (FX:EURUSD)  
WavesandZones  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Supply and Demand eurusdlong eurusdprediction eurusdlongsetup eurusdtrade eurusdtrend eurusdtradeidea eurusdtechnicalanalysis eurusdupdate eurusdpriceaction
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trendanalysis supplyanddemand eurusdlong eurusdprediction eurusdlongsetup eurusdtrade eurusdtrend eurusdtradeidea eurusdtechnicalanalysis eurusdupdate eurusdpriceaction
snapshot

We have a Fresh Weekly Demand and a Fresh Weekly Supply areas formed,

Now Price has just reacted to the Weekly Demand and post a Confirmation in lower timeframes in the Upward direction(In the direction of the Trend), we will buy with a defined risk.

snapshot

We see that the previous High is violated and a potential 4H Demand has formed, now there are two possibilities either this 4H Demand will take the price till its Weekly Supply in the opposite or this 4H Demand will be violated. Lets check the Reward to Risk ratio of this 4H Demand, as per the statistic anything above 3:1 is a good opportunity and any FII wouldnt miss such Trades.


snapshot

Here is the Trade with a Reward : Risk ratio of just a little more than 6:1.

Thank You and ENjoy the Ride ! ! !
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