Price could see a rebound off the previous support level forming an inverse head and shoulders pattern. A successful H1 rejection will allow me for an entry with a confirmation of bullish HA candle. Price to retest previous support which would now be potential resistance. Beyond that, if price pushes through the 200MA, we could see further upside.
As we can see, We're Now in the Wave 5 With Divergence in MACD, The White Zone's the Perfect Zone for Buying Wih Low SP and High TP as Shown.
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We consider buying this EURUSD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
Perfect Place To Buy EU... Looking For A Trend Reversal With This Pair... Perfect Trade Indicated On Chart With SL & TP Clearly Indicated... Given The Strong Move Down A Tight SL is Ideal, Slightly Below This Lower Low .... Happy Trading!!!!
EURUSD. The bullish daily candle after the FOMC and the inverted H&S pattern that is forming in the 1H chart, are keeping the bullish scenario for EURUSD intact.
We are holding our long positions open and expecting for an initial break of the 1.1730-35 resistance in order for our scenario to be validated (the upper trendline of the downward channel) .
The break of...
As we can see, We are now at the end of wave B and the Price reach the Support Zone. The Market Maker Candle appeared as shown with Very High Volume, We have anathor confirmation Candle that give us a high poteniel of Long position with 98% of Success.
- Buy Position :
- Price: 1.17206
- TP 1 : 1.18697
- TP 2 : 1.19864
- SL: 1.16766
Today’s daily analysis is a buy for EURUSD. We saw a huge drop from the news earlier today but due to this sudden drop it has hit a major support zone and it need to retest its previous support now turned resistance. A doji has now formed confirming the loss of momentum with this pair. Buyers are seeing this and are now buying in for the next zone.
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I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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