Fxprotrader

EURUSD: Two Possible Scenarios At Key Level

FX:EURUSD   Euro Fx/U.S. Dollar
744 0 26
2 months ago
Overall we have a valid slope in which price has been moving so anytime price reaches a parallel where we had price action previously, we should keep a closer eye. At the daily chart of EURUSD             we may see that price has reached a slide parallel of the median line set where we any buy setup would be a good opportunity. Potential tp would be the upper slide parallel of the median line (green line). In case of price breaks below the current level, we should wait for a pullback at the line and watch for shorts
2 months ago
Comment: As expected price bounced from the slide parallel with an impulsive move up. We should wait now for a correction and go long when the correction is over most likely with price breaking above it. I will update again if we have a potential setup
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