THIS IS JUST AN INTERIM UPDATE ON EURUSD TO REFLECT UPON LATEST DEVELOPMENT IN PA.
HIDDEN PRIVE/RSI DIV IN PROGRESS ON H4 SO THIS INCREASES ODDS OF A BOUNCE. BUT THIS IS JUST AN EXTENSION ON MY PREVIOUS POST ON EURUSD. I STILL EXPECT EURUSD TO DUMP FROM 1055//1065, BUT FIRST THINGS FIRST.
STAGE1 - BUY INTO THAT DIP FOR A BOUNCE - I THINK WE WILL HIT 0980//0990 BEFORE BOUNCE THOGH. TARGET FOR STAGE1 BOUNCE IS 1055//1065.
STAGE2 - SELL INTO THE BOUNCE NEAR 1055//1065 SL AS NOTED PREVIOUSLY IS 1090. TP1 0950 AND TP2 0900.
I WILL UPDATE ONCE THE BOUNCE IS COMPLETE.
GOOD LUCK AND STAY SAFE,
ASGCORP
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120 min review. Expecting something similar to below. Cloud resistance weighing heavily at least initially it won't let price surpass 1035//1040.
So for short-term traders (daytraders) 2 options:
1) sell into cloud rejection 1035//1040 SL 1050 TP 0985//0995 2) buy into the bounce @ support near 0985/0990 TP 1055//1065 SL 0975.
(!!!!) IMPORTANT NOTICE: NO BUYING BEFORE THE BOUNCE.
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UPDATE ON H1: PULLBACK POSSIBLE FROM HERE. I RECOMMEND BUYING SHALLOW DIPS TARGET NEAR 1035//1045. BEST LOAD ZONE NEAR 1000 NOW.
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IF YOU ALREADY BOUGHT EURUSD, TARGET FOR BULLS REVISED TO 1050.
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Ok, guys, week almost done now, for EU bulls, that bought near 1000 (0990), I recommend getting out near 1050//1055. Further upside likely capped/limited. Congrats if you made money. If you bot near 0990, you'd have +60 points with almost zero DD.
Here's my previous post in this thread:
1) sell into cloud rejection 1035//1040 SL 1050 TP 0985//0995 2) buy into the bounce @ support near 0985/0990 TP 1055//1065 SL 0975.