LONG EURUSD
What is going on with EURUSD
We see how beautiful the market went up from the beginning of the trend line constatly with pullbacks that means a steady uptrend not really the urge that the market want to go back.
We used the fib as always to indicate 61.8% perfect pullback on that and as we see on the resistance that has to be tested.
There will be a fake break out of 100-150 pips.
If we go back on the RSI we see divergence momentum is back to average.
We call this hidden divergence price goes up and indicator goes down.
What indicates us that we also have new space for a higher high.
Targets we have in mind 1.19035 with high momentum what I expect it will hit the 1.20274, important to have in mind 1.20000 is a key level price wants to go there as a magnet.
Reverse of the analyses:
If it breaks the 61.8% it will retest the market structure and goes to the 1.13544 with high momentum just to test price and set us offside because that is what the market want hit as many stop losses because that’s where the liquidity is build up, takes out and will continue the uptrend.
Follow my journey I try to post daily.
Markets I analyse XAUUSD, EURUSD, USDMXN, XTIUSD, XRPUSD, BTCUSD.
Will start more forex and Crypto soon.
What is going on with EURUSD
We see how beautiful the market went up from the beginning of the trend line constatly with pullbacks that means a steady uptrend not really the urge that the market want to go back.
We used the fib as always to indicate 61.8% perfect pullback on that and as we see on the resistance that has to be tested.
There will be a fake break out of 100-150 pips.
If we go back on the RSI we see divergence momentum is back to average.
We call this hidden divergence price goes up and indicator goes down.
What indicates us that we also have new space for a higher high.
Targets we have in mind 1.19035 with high momentum what I expect it will hit the 1.20274, important to have in mind 1.20000 is a key level price wants to go there as a magnet.
Reverse of the analyses:
If it breaks the 61.8% it will retest the market structure and goes to the 1.13544 with high momentum just to test price and set us offside because that is what the market want hit as many stop losses because that’s where the liquidity is build up, takes out and will continue the uptrend.
Follow my journey I try to post daily.
Markets I analyse XAUUSD, EURUSD, USDMXN, XTIUSD, XRPUSD, BTCUSD.
Will start more forex and Crypto soon.
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.
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.