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According to the last chart that we shown you about EURUSD we have downward trend in 2H time frame
but at this time in 1D time frame we have a key , this means the trend was changed and we need confirmation to take long position until the TP
in here we take the strategy of trend and in a day time frame the trend was changed and we need...
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Hi Traders, EURUSD on H4 has broken above the Resistance by a large green candle. It might go down for the retest before it goes higher.
⬆️Buy now or Buy at 1.1771
⭕️SL @ 1.1733
✅TP1 @ 1.1865
✅TP2 @ 1.1945
✅TP3 @ 1.2047
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This post for educational only.
As my previous post must wait to entry position on this pair.
Now EURUSD broke the line..
Now you can entry buy now. Because have retest on lower time frame.
How to avoid false breakout?
Place STOPLOSS below the wick.
If there is price reversal. You can change sell setup, watch the bearish candle confirmation.
Find the lower...
As against my previous speculation (see link below for reference purposes), The EUR/USD pair recovered its long-term bullish stance as buyers finally found the momentum to break Major resistance @ $1.1900 (a major Support level) followed by a retest of this level to make a new Support level for Bullish opportunities.
Tendency: Uptrend( Bullish )
The Market respected the area of resistance and have given as an engulfing candle changing the market direction for a sell
our first support has been broken and is moving to the second one on the price of 1.16986
When it reaches the area of 1.16986 lets keep an eye for the third support on 1.16219
USD Gained a lot from GBP bad news. Causing EURUSD to fall hard last week but i think it has reached it's peak and ready to reverse. Currently on a strong daily/weekly support will investors buy or will USD keep falling? lets see how this plays out.
Sell this pair after a confirm breakout
we have good opportunity to enter this trade for low risk and high rewards
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