Bullish Opportunity: Buy Setup at support Ahead of Key CPI
We are looking to buy at 1.050 area
Key Levels:
Entry: 1.050 (support level)
Take Profit (TP): 1.05979
Stop Loss (SL): Adjust to match your preferred risk-to-reward ratio.
1.045 is a reasonable SL
The price is expected to find support near 1.050, with the potential for a bullish rebound toward the resistance zone at 1.05979.
Bespoke resistance lies further up at 1.064 providing longer-term bullish potential if this level breaks.
Caution:
This trade setup assumes that the US CPI data due tomorrow will come out weaker than expected, which could favor a bullish move in this pair. Monitor the news closely before committing to this trade, as stronger-than-expected CPI figures could invalidate the setup.
Key Levels:
Entry: 1.050 (support level)
Take Profit (TP): 1.05979
Stop Loss (SL): Adjust to match your preferred risk-to-reward ratio.
1.045 is a reasonable SL
The price is expected to find support near 1.050, with the potential for a bullish rebound toward the resistance zone at 1.05979.
Bespoke resistance lies further up at 1.064 providing longer-term bullish potential if this level breaks.
Caution:
This trade setup assumes that the US CPI data due tomorrow will come out weaker than expected, which could favor a bullish move in this pair. Monitor the news closely before committing to this trade, as stronger-than-expected CPI figures could invalidate the setup.
Note
Put a pause on this buy ,EUR news tomorrow I am expecting a dovish tone from the ECB
My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
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.
My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
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.