movingwfx
Long

Possible Long Setup on EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
57 0 0
Greeting traders,

Referring to the chart above, there's a possibility of good long setup for EURUSD             .

Reasons are:
1) Wave 5 of Elliot waves
2) Bullish shark pattern
3) Price is hovering over demand zone = support level
4) Price is currently at 38% fib retracement (wave 1 to wave 3)

Take profit zone
1) 1st supply zone = the same length of wave 1
2) the 2nd level of supply zone = 1.62 extension of wave 1

Ps: Please do not take this as a trading signal. This is just our thoughts on how the market might move based on technical analysis .

"Trade what you see"

Have a pleasant.

Cheers,
Movingwfx
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out