Euro / U.S. DollarUpdated EURUSD Follow or Broke the Channel?
Hi guys, here is my analysis about EURUSD.
It looks that the price made a bullish inversion candlestick pattern (bullish engulfing) at the support area where is also the 0.382 Fibonacci level.
This is without doubt a long entry signal but with the trendline of the falling channel very close I would wait to go long.
This means:
Follow me for other analysis and if you have any question or suggestion let me know commenting below.
Thanks for reading.
EURUSD.It looks that the price made a bullish inversion candlestick pattern (bullish engulfing) at the support area where is also the 0.382 Fibonacci level.
This is without doubt a long entry signal but with the trendline of the falling channel very close I would wait to go long.
This means:
- LONG at the trendline break with TP at 1.10874;
- SHORT if you see a rejection candle near the trendline with TP1 at 1.10000 and TP2 at 1.08912.
Follow me for other analysis and if you have any question or suggestion let me know commenting below.
Thanks for reading.
Trade closed: target reached
TP reached!
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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.