EUR/USD Long Position Idea
🚀 EUR/USD Long Position Idea 🚀
Hey traders! 👋 I've got a long position setup for EUR/USD that I think could be interesting. Here's the breakdown:
🔹 Current Momentum: On the 4HR timeframe, momentum is currently down. However, we are still above the 50 line on the RSI, indicating that we might see some bullish reversal.
🔹 Entry Point: Looking for a lower time frame entry around the high volume area from the previous day's volume profile. This could provide a solid entry point where there's significant trading activity.
🔹 Target: Aiming for the high volume area at 1.09536. This level could act as a strong resistance and potential target for our trade.
As always, keep an eye on market conditions and manage your risk accordingly. Happy trading! 📈💰
#EURUSD #ForexTrading #TradingIdeas #TechnicalAnalysis
Hey traders! 👋 I've got a long position setup for EUR/USD that I think could be interesting. Here's the breakdown:
🔹 Current Momentum: On the 4HR timeframe, momentum is currently down. However, we are still above the 50 line on the RSI, indicating that we might see some bullish reversal.
🔹 Entry Point: Looking for a lower time frame entry around the high volume area from the previous day's volume profile. This could provide a solid entry point where there's significant trading activity.
🔹 Target: Aiming for the high volume area at 1.09536. This level could act as a strong resistance and potential target for our trade.
As always, keep an eye on market conditions and manage your risk accordingly. Happy trading! 📈💰
#EURUSD #ForexTrading #TradingIdeas #TechnicalAnalysis
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