Today’s setup is coming from the EURUSD. Although, the situation looks similar, I feel more convinced that we might see an uptrend continuation tomorrow.
There is a 4-candle bullish engulfing pattern on the daily chart. It occurred just above a minor support level.
I am looking to possibly enter in a long trade at around 1.1975. My first potential target could be the level of 1.2100. Then, if price action confirms my view, 1.2500.
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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.