Short Term BUY idea for EURUSD - a retest of major resistance
This is a simple trade analysis on EURUSD.
I am looking at it as a short term BUY, then a long term SELL.
this trade is under the assumption that the major resistance at 1900 will be tested again, before giving a sell signal that could continue up to 1600 level.
Took this trade using a reversal set up.
1. Price is above MA 20
2. RSI crossed above 30
3. breakout from 0.38 fib level
My typical Target Price for this set up is the 0.618 fib level, but might hold it to see if the major resistance will be tested.
My entry levels at this trade is at 1.18419 , 1.18501 and 1.18550. All stops are set at 1.1849
I am looking at it as a short term BUY, then a long term SELL.
this trade is under the assumption that the major resistance at 1900 will be tested again, before giving a sell signal that could continue up to 1600 level.
Took this trade using a reversal set up.
1. Price is above MA 20
2. RSI crossed above 30
3. breakout from 0.38 fib level
My typical Target Price for this set up is the 0.618 fib level, but might hold it to see if the major resistance will be tested.
My entry levels at this trade is at 1.18419 , 1.18501 and 1.18550. All stops are set at 1.1849
Nota
TP Hit :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.