EURUSD ANALYSIS FOR LONG SETUP
I'm looking for long setup for EURUSD.
Support Zone: 1.06829 - 1.06527
Resistance Levels:
R1(TP1): 1.08195
R2 (TP2): 1.09346
Major Resistance (Final Target): 1.12099
The EURUSD pair is currently testing a significant support zone between 1.06829 and 1.06527. If the price respects this support level and gives a bullish confirmation, it will present a solid buying opportunity.
Trade Plan:
Wait for bullish confirmation within the support zone (1.06829 - 1.06527).
A bullish candle pattern, double bottom, or strong rejection from this zone would serve as a confirmation signal.
Targets:
Target 1 (TP1): 1.08195 (First resistance level)
Target 2 (TP2): 1.09346 (Second resistance level)
Final Target: 1.12099 (Major resistance level)
Risk Management:
Place stop loss slightly below the support zone, around 1.05746, to protect against false breakouts.
Consider trailing stops to lock in profits as the price approaches each resistance level.
This setup offers a potential upside move with a favorable risk-to-reward ratio if the support holds strong and bullish momentum kicks in. Keep an eye on economic data releases or any events that could influence EURUSD volatility.
IT'S JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN. IF YOU LIKE MY ANALYSIS SO DON'T FORGET TO BOOST.
Support Zone: 1.06829 - 1.06527
Resistance Levels:
R1(TP1): 1.08195
R2 (TP2): 1.09346
Major Resistance (Final Target): 1.12099
The EURUSD pair is currently testing a significant support zone between 1.06829 and 1.06527. If the price respects this support level and gives a bullish confirmation, it will present a solid buying opportunity.
Trade Plan:
Wait for bullish confirmation within the support zone (1.06829 - 1.06527).
A bullish candle pattern, double bottom, or strong rejection from this zone would serve as a confirmation signal.
Targets:
Target 1 (TP1): 1.08195 (First resistance level)
Target 2 (TP2): 1.09346 (Second resistance level)
Final Target: 1.12099 (Major resistance level)
Risk Management:
Place stop loss slightly below the support zone, around 1.05746, to protect against false breakouts.
Consider trailing stops to lock in profits as the price approaches each resistance level.
This setup offers a potential upside move with a favorable risk-to-reward ratio if the support holds strong and bullish momentum kicks in. Keep an eye on economic data releases or any events that could influence EURUSD volatility.
IT'S JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN. IF YOU LIKE MY ANALYSIS SO DON'T FORGET TO BOOST.
Trade attivo
let's see what will happen.Ordine annullato
price don't respect the support and candle closed below the support.
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