Unfortunately things change after FOMC n come out exactly as we expected, to follow the trend is simple it just discipline, n trust on your analysis n accept that market won't move faster to your directions but accordingly, I don't real controlled by small move at all I follow the trend with patience,i will keep on sharing more don't mess any set up thank you.
After the previous ultra detailed analysis, we have a strong resistance in this important zone. We have the possibility of correction to the specified zones and then growth to the initial target of 1.1 - 1.102.
FX:EURUSD price currently reaching a perfect buying key area where we expect price to bounce and continue the bullish trend up until it hit out 'take profit'. If you like our idea then please do consider liking the idea or leave comment. Good Luck and Trade Safe.
The market went lower, but it bounced off the support zone. It formed a long-tailed bar on the daily timeframe. The market tested the middle of the range zone and took the liquidity. The price broke and fixed above the 1.08500 level. I think the market may move sideways until the NY session in anticipation of the FOMC. I expect a pullback, then a move higher...
If the Federal Reserve issues a hawkish statement indicating that they intend to keep interest rates held at 5.50%, it suggests that they are committed to maintaining a tight monetary policy stance to combat inflation or other economic concerns. Here's how the EUR/USD currency pair might react:
Euro Depreciation: A hawkish stance from the Fed typically...
We are below yesterdays low and just hit a bullish daily order block level. strong chance that it will go up to get some liquitidy levels like an imbalance above the area. we are at deep discount right now so best guess is longing from this area here until the weekly open or any area like the imbalance above!
A short trade on EURUSD. I am waiting for the price to return to the resistance level and I will sell. The target is the level of 1.08539. Despite my desire, it is in a downward trend. I do not want to continue the deal. News. The foot may change the thoughts. Good luck.
Account FP - #1080732
EUR/USD is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 1.08662 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.08880 which is a level that aligns with the 50% Fibonacci retracement level.
Take profit 1 is at 1.08351...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Bullish Trend expected to continue after proper Bulish momentum Formation wit support of Bullish divergence. Still its a news impact period. hence its always good to keep the risk low. Stay tuned. and would love to hear from you about this analysis.. Cheers.
