The EUR is still weak and not ready for a rally against other pairs. We could expect a slow further decline, if this happens this pair could give us a good setup for a long entry at a key level.
At W1 chart we have:
- potential inverse head and shoulders pattern
- first convergence (higher high) confirmed by oscillator
- strond psycho number 0.7000
Here on D1 chart:
- Previous ending diagonal suggest this pair already bottomed
- Perfect bullish shark
- EW wave B (see below)
I will place buy limit orders near 0.7000.
SL and targets shown on chart.
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
At W1 chart we have:
- potential inverse head and shoulders pattern
- first convergence (higher high) confirmed by oscillator
- strond psycho number 0.7000
Here on D1 chart:
- Previous ending diagonal suggest this pair already bottomed
- Perfect bullish shark
- EW wave B (see below)
I will place buy limit orders near 0.7000.
SL and targets shown on chart.
Best regards.
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
הערה:
First target hit, moving sl to be
הערה:
second target hit
