EUR/USD Near weekly but level it is the best opporyunitu to open
EUR/USD weekly overview
On a weekly chart, I see that price is near weekly key buy zone. 2 years ago price bounced down from 1.1500 – 1.1550. 1 year ago price break up that key zone. After, that resistance became a Support zone.
That means near such level the best is to look for buy opportunities. Also, From such zones we can take 500 – 1000 pips move up or even more.
Also, take a look at candles. Last 4 candle close upper 1.1552 which shows that market makers are interested to move up currency rate.
I will look for buy near 1.1510
S/L: 50 – 60 pips under entry point.
T/P1: 1.1820
T/P2: 1.2100
P.S. Near such levels you can open entry with R:R — 1:5, or 1:10. As a trader, I don't 100% sure if the price will move up or not. As a trader, I trade probabilities. That's why I use S/L and open entry if I can get R:R — 1:4 or more.
Daily Chart:
On a weekly chart, I see that price is near weekly key buy zone. 2 years ago price bounced down from 1.1500 – 1.1550. 1 year ago price break up that key zone. After, that resistance became a Support zone.
That means near such level the best is to look for buy opportunities. Also, From such zones we can take 500 – 1000 pips move up or even more.
Also, take a look at candles. Last 4 candle close upper 1.1552 which shows that market makers are interested to move up currency rate.
I will look for buy near 1.1510
S/L: 50 – 60 pips under entry point.
T/P1: 1.1820
T/P2: 1.2100
P.S. Near such levels you can open entry with R:R — 1:5, or 1:10. As a trader, I don't 100% sure if the price will move up or not. As a trader, I trade probabilities. That's why I use S/L and open entry if I can get R:R — 1:4 or more.
Daily Chart:
Get access to the private club with VIP signals
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.