Why I think EURUSD Will Continue to Buy This Week
Hey Rich Friends,
I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at.
- The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry)
- The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange line (slow)
- Structure was broken on the upside on the 1HR time frame
I would look at previous support/demand areas for some buying opportunities. Set TPs at previous highs and SLs at previous lows.
Be mindful that this is only my technical analysis. Please check your charts, indicators, and the news for more information before making a decision to enter this trade. Great luck!
Peace and Profits,
Cha
I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at.
- The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry)
- The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange line (slow)
- Structure was broken on the upside on the 1HR time frame
I would look at previous support/demand areas for some buying opportunities. Set TPs at previous highs and SLs at previous lows.
Be mindful that this is only my technical analysis. Please check your charts, indicators, and the news for more information before making a decision to enter this trade. Great luck!
Peace and Profits,
Cha
Trade active
Trade closed: target reached:
First TP hit. Market currently in demand zone
Trade closed: stop reached:
boo hoo.
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