EURUSD daily chart not so good
After setting up a bull trap that makes technical traders think that any pull back may happen (at least 3 analyst in the webinar I watched saying pull back may happen) after the good bullish bar at the first day of the month Euro keep pushing lower and breaks two weekly supports.
targets and idea :
No signs of recovery yet but pull back may still happen with 1.295 as first resistance and 1.313 max and a downside target around 1.265.
the idea is to look for short entry inside 1.295-1.313 if you trade full time with daily chart either by pattern or divergences. Or look for long entry around 1.265 for any bullish pull back into 1.284-1.295 level IF it reaches there first before the pull back.
Visible long term target for this pair is still 1.23
On the chart above I have weekly and monthly fibonacci pivot levels, I use fibonacci pivot because this type of pivot really fit the price action.
targets and idea :
No signs of recovery yet but pull back may still happen with 1.295 as first resistance and 1.313 max and a downside target around 1.265.
the idea is to look for short entry inside 1.295-1.313 if you trade full time with daily chart either by pattern or divergences. Or look for long entry around 1.265 for any bullish pull back into 1.284-1.295 level IF it reaches there first before the pull back.
Visible long term target for this pair is still 1.23
On the chart above I have weekly and monthly fibonacci pivot levels, I use fibonacci pivot because this type of pivot really fit the price action.
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.