EURUSD buy idea
- EU has found support on the 4H 200 EMA, and is making a "W" formation, which is commonly seen in the markets. Moves off of the 4H 200 EMA can expect 100+ pips every time
- EU has found support on the 2H 200 EMA, and is also making the "W" formation
- On August 5th, EU had a large daily candle with lots of momentum and broke through resistance. It then found that resistance to become support signaling more bullish momentum
- confluence with bearish DXY
TP: expecting a push up 150+ pips to the daily 200 EMA area
- EU has found support on the 2H 200 EMA, and is also making the "W" formation
- On August 5th, EU had a large daily candle with lots of momentum and broke through resistance. It then found that resistance to become support signaling more bullish momentum
- confluence with bearish DXY
TP: expecting a push up 150+ pips to the daily 200 EMA area
Penafian
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