Buy EURUSD News Based

The EUR/USD pair on the M30 timeframe presents a potentially ambiguous situation with an expanding triangle pattern. While this pattern can signal a breakout in either direction, some caution is advised before entering a long (buy) position.

Potential Long Trade :

Entry around: 1.0823 (current price)

Target Levels:
1.0880: This represents the upper trendline of the triangle, which could act as the initial upside target upon a confirmed breakout.
1.0900: This is a further extension of the upside target, based on the recent price movement.

Stop-Loss: Place a stop-loss order below the lower trendline of the triangle, ideally around 1.0807. This helps limit potential losses if the price breaks down from the triangle pattern.

Thank you.

Dagangan aktif:

High Impact News :
EUR - German Retail Sales
EUR - Unemployment Rate
USD - GDP