EURUSD has rejected from weekly support at the price of 1.1130 area. I am expecting an upside for this pair to next weekly resistance area .
Reason :
- 3x times weekly candlestick has struggled to go below 1.1130 price leaving long daily candle tail below.
- Higher high formed in 4-hourly TF.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.1170 area ; TP : 1.1300 (+130pips) ; SL previous low.
Risk Reward 1 : 2.5
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- 3x times weekly candlestick has struggled to go below 1.1130 price leaving long daily candle tail below.
- Higher high formed in 4-hourly TF.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.1170 area ; TP : 1.1300 (+130pips) ; SL previous low.
Risk Reward 1 : 2.5
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active:
Entered LONG via BUY LIMIT at day low 1.1175 area.
Trade active:
Almsot +100pips on hand now, move SL to 1.1210 - secure a RISK FREE trade.
Trade closed: target reached:
TP 1.1300 hitted !
I hope you all enjoyed my analysis.
I hope you all enjoyed my analysis.
Comment:
1.1400 broken, very bullish momentum.