Hello Traders,
Lobg opportunity for EXY.
I will be honored for your reflections on my analysis.
R:R approx 1 to 2.5+ and 1 to 3.5+
for conservative and aggressive approach respectively.
Thank you.
Long bias for the Euro after an inverse head and shoulders formed in consolidation zone, rejection of 50 SMMA, and possible continuation of the bullish trend.
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Constructive Critics are well received.
*I appreciate your feedback.
Thank you.
price has been in an upward trend. we could see price respect this rising trend. if it breaks next support is around 114-115, before another bullish move to the up side
Im in Shorts on ECHF, EN & EJ because they were good set-ups and I am hoping this will happen.
Currency Indexes are an excellent tool to gauge currency movements if you chart them as well.
After a clear Head and Shoulders breakout, the price is coming back to the previous support now converted in a resistance. The expectation is to push the price in order to find new Low Lows.
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Constructive Critics are well received.
*I appreciate your feedback.
Thank you.
After a strong and consistent upward move which we experienced during the past weeks, we at astute financials decides to look critically at the EXY to know how far up this currency will actually go.
According to the chart attached, you would see that a clear labelling shows that in the long term, the currency has still not completed its upward wave C correctional...
