trader_ak

EURUSD uptrend scenario and potential reversal areas

Long
FX:EURUSD   Euro / Dollar Américain
Market is retracing higher after 10 months downtrend. I have marked on the weekly chart some arrows showing a potential scenario which helps me anticipate some potential reversal zones. Thus, we could see market retrace lower, to the 50-618 zone marked on the chart, before another leg higher up towards 1.16 where the market may find: a) stops located ( reference 16 Feb 15 - start of final leg down to 1.04 ) and b) potential trendline resistance.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.