EURUSD ( STABILIZING BELOW TURNING LEVEL ) (4H)

Jul 29, 2024

EURUSD

HELLO TRADERS

• Tendency , the price is under bearish pressure , until trading below 1.084 .
  
  
• TURNING LEVEL : the price of this level at 1.084 , as long as the price trading below this level reach a support level (1) , but if breaking by open 4h candle above this level reach a resistance level (1)
  
  
• RESISTANCE LEVEL (1) : this level around 1.088 , for reach this resistance level the price need breaking a turning level
  
  
• RESISTANCE LEVEL (2) : around 1.094 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
  
  
• SUPPORT LEVEL (1) : this level around 1.079, for reach this support level the price need stabilizing below turning level
  
  
• SUPPORT LEVEL (2) : support level at 1.076 , for reach this level will be breaking by open 4h candle below support level (1)
  
  
• PRICE MOVEMENT : currently price 1.083 , as long as the price trading below this level reach a support level (1) , but by breaking this level by open 4h candle above this reach a resistance level (1) ,
  

• MY GOAL : support level (1) at 1.079 .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 1.088 , 1.094 .
  
• SUPPORT LEVEL : 1.079 , 1.076 .
  

Jul 30, 2024

Trade active

know the price attempt to reach a turning level have two scenario
first : if the price trading below this level , indicates is under bearish pressure , and likely to reach a support level (1).
second : if the price breaking turning level by open 4h candle . indicates the price it will be trying to reach resistance level (1) .