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ProjectSyndicate
Feb 21, 2021 8:01 AM

EURUSD MNT: 2800/2900 PT BULLS BUY DIPS (NEW)(SL/TP) Long

Euro Fx/U.S. DollarFXCM

Description

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EURUSD MNT: 2800/2900 PT BULLS BUY DIPS (NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains
short-term and mid-term as well.


🔸 Summary and potential trade setup
::: EURUSD MNT chart review
::: updated/revised outlook
::: PT BULLS is 2800/2900 next few months
::: USD losing value fast now
::: primary reason: FED RESERVE
::: EURUSD price contained within BEAR channel
::: however we are yet to hit STRONG resistance
::: near 2800/2900 current at 2100
::: still MASSIVE upside from here
::: which makes sense cause FED is printing
::: insane amounts right now
::: recommended strategy: BUY DIPS/pullbacks near 2000
::: EURUSD may appreciate and hit 1.2750 SOON
::: for short-term review my other setup in EURUSD
::: in-line with my EURGBP outlook - more losses
::: overall nice setup with strong upside
::: downside is limited by 2000 now
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
abel11
Prestigious work! this idea is so helpful
Dave-FX-Hunter
I love this analysis
Stargazer_fx
totally agree with the analysis
Mahtab_Tradia
Splendid chart! Thanks for sharing
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