EUR/USD _ 2nd week of Feb 2021
The price indicate a bullish momentum from:
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = Bullish engulfing candlestick was formed right away after rejecting the previous support area
3. 4H TF = Waiting for break of the resistant trendline i marked at this TF. My entry position would be at the breakout of the trendline with price break above the 50ema
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = Bullish engulfing candlestick was formed right away after rejecting the previous support area
3. 4H TF = Waiting for break of the resistant trendline i marked at this TF. My entry position would be at the breakout of the trendline with price break above the 50ema
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.