EUR/USD Near weekly but level it is the best opporyunitu to open
EUR/USD weekly overview
On a weekly chart, I see that price is near weekly key buy zone. 2 years ago price bounced down from 1.1500 – 1.1550. 1 year ago price break up that key zone. After, that resistance became a Support zone.
That means near such level the best is to look for buy opportunities. Also, From such zones we can take 500 – 1000 pips move up or even more.
Also, take a look at candles. Last 4 candle close upper 1.1552 which shows that market makers are interested to move up currency rate.
I will look for buy near 1.1510
S/L: 50 – 60 pips under entry point.
T/P1: 1.1820
T/P2: 1.2100
P.S. Near such levels you can open entry with R:R — 1:5, or 1:10. As a trader, I don't 100% sure if the price will move up or not. As a trader, I trade probabilities. That's why I use S/L and open entry if I can get R:R — 1:4 or more.
Daily Chart:
On a weekly chart, I see that price is near weekly key buy zone. 2 years ago price bounced down from 1.1500 – 1.1550. 1 year ago price break up that key zone. After, that resistance became a Support zone.
That means near such level the best is to look for buy opportunities. Also, From such zones we can take 500 – 1000 pips move up or even more.
Also, take a look at candles. Last 4 candle close upper 1.1552 which shows that market makers are interested to move up currency rate.
I will look for buy near 1.1510
S/L: 50 – 60 pips under entry point.
T/P1: 1.1820
T/P2: 1.2100
P.S. Near such levels you can open entry with R:R — 1:5, or 1:10. As a trader, I don't 100% sure if the price will move up or not. As a trader, I trade probabilities. That's why I use S/L and open entry if I can get R:R — 1:4 or more.
Daily Chart:
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Feragatname
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