Wait for higher low!
EU made an awesome rejection impulse at a key support area. Market closed with a strong push to the upside.
Its only natural and necessary for there to be slight correction before the confirmation and continuation to a longer term movement.
It's very possible to see a second attempt to test the last support at which the market bounced off.
The failure of that second attempt would create a higher low making such behavior a perfect long setup confirmation.
Trading Plan:
1. Set up a couple of buying orders within the demand zone illustrated in blue
2. Wait for the higher low to give you a safe confirmation for buying opportunities.
--
Price should retest last years resistance level between 1.17 and 1.18
Best of luck!
Felipe Ramirez
Instagram: Felipersa
Contact for a chance to join my private trading team.
Its only natural and necessary for there to be slight correction before the confirmation and continuation to a longer term movement.
It's very possible to see a second attempt to test the last support at which the market bounced off.
The failure of that second attempt would create a higher low making such behavior a perfect long setup confirmation.
Trading Plan:
1. Set up a couple of buying orders within the demand zone illustrated in blue
2. Wait for the higher low to give you a safe confirmation for buying opportunities.
--
Price should retest last years resistance level between 1.17 and 1.18
Best of luck!
Felipe Ramirez
Instagram: Felipersa
Contact for a chance to join my private trading team.
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.