Analysis on #EURUSD
The EURUSD may soon come to test a strong weekly structure support zone near a very strong number 1.07000 where buyers showed interest at this level and the market rallied 16% or 1700pips.
The market condition is a lot different than the last time the EURUSD visited 1.0700 but we can say both situations are crisis situation and we can wait and see.
>> If the market test my weekly structure support level then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The EURUSD may soon come to test a strong weekly structure support zone near a very strong number 1.07000 where buyers showed interest at this level and the market rallied 16% or 1700pips.
The market condition is a lot different than the last time the EURUSD visited 1.0700 but we can say both situations are crisis situation and we can wait and see.
>> If the market test my weekly structure support level then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
