EURUSD Possible Buy Swing Trade Oppertunity around 1.71000 area

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After coming to a daily swing level in a very unstable market, we can possibly see some strength in this pair after some heavy bearish activity. We would need to see some further strength on the daily and 4hr time frame before we choose to enter this opportunity however the returns could be huge.

I would be looking for bullish engulfing patterns to devlop on the 4hr time frame before entering.

If you are a swing trader you could possibly hold this trade for a number of days to gain some nice gain on your accounts, or you could stick to your risk to reward that you follow in your individual trading plan. Good luck on the charts :)

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