Wait for higher low!
EU made an awesome rejection impulse at a key support area. Market closed with a strong push to the upside.
Its only natural and necessary for there to be slight correction before the confirmation and continuation to a longer term movement.
It's very possible to see a second attempt to test the last support at which the market bounced off.
The failure of that second attempt would create a higher low making such behavior a perfect long setup confirmation.
Trading Plan:
1. Set up a couple of buying orders within the demand zone illustrated in blue
2. Wait for the higher low to give you a safe confirmation for buying opportunities.
--
Price should retest last years resistance level between 1.17 and 1.18
Best of luck!
Felipe Ramirez
Instagram: Felipersa
Contact for a chance to join my private trading team.
Its only natural and necessary for there to be slight correction before the confirmation and continuation to a longer term movement.
It's very possible to see a second attempt to test the last support at which the market bounced off.
The failure of that second attempt would create a higher low making such behavior a perfect long setup confirmation.
Trading Plan:
1. Set up a couple of buying orders within the demand zone illustrated in blue
2. Wait for the higher low to give you a safe confirmation for buying opportunities.
--
Price should retest last years resistance level between 1.17 and 1.18
Best of luck!
Felipe Ramirez
Instagram: Felipersa
Contact for a chance to join my private trading team.
כתב ויתור
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