EURUSD Long Term Outlook
Currently not much on lower timeframes to be traded so looking at the larger ideas for now.
We recently changed trend on the 1Day chart and the next turn point of this level is at the purple line shown at 1.14963. From there we may expect a continuation of the major (weekly/monthly) trend which is bullish.
Currently the market is overextended and we should expect a pullback before continuing to that level. This pullback should be at the demand zone shown.
From this demand zone, we should swing to the supply area and then a massive swing opportunity presents itself at that high to target the purple line.
Next Trade:
1. Sell to Demand Zone (ONLY if an opportunity shows itself)
2. Buy at Demand zone (after confirmations)
Housekeeping:
Computer was down for a bit, then had to catch up on work. Glad to be back!
Did a lot of work updating my analysis techniques as well, hope it serves well...
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~
We recently changed trend on the 1Day chart and the next turn point of this level is at the purple line shown at 1.14963. From there we may expect a continuation of the major (weekly/monthly) trend which is bullish.
Currently the market is overextended and we should expect a pullback before continuing to that level. This pullback should be at the demand zone shown.
From this demand zone, we should swing to the supply area and then a massive swing opportunity presents itself at that high to target the purple line.
Next Trade:
1. Sell to Demand Zone (ONLY if an opportunity shows itself)
2. Buy at Demand zone (after confirmations)
Housekeeping:
Computer was down for a bit, then had to catch up on work. Glad to be back!
Did a lot of work updating my analysis techniques as well, hope it serves well...
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~
Penafian
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