Lingrid | EURUSD potential LONG from the DEMAND

5 févr.

The price perfectly fulfills my last idea. It hit the target level. EURUSD reached the deman zone on the daily timeframe, we can see that the price is losing momentum. The price broke and fixed below the range zone. I think the market might go up to retest the resistance because on the weekly timeframe we have strong bullish candle that formed demand zone. And we have big divergence on the daily and 4H timeframes. Also the market is near the global upward trendline. If the price rejects the support zone at 1.07500-1.07200 it might go up to swing zone. My goal is the resistance at 1.08500

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

6 févr.

Commentaire

The price perfectly fulfilled my last idea. EURUSD rolled back to the support level where we wanted to see a buy confirmation. The price broke and fixed below the key level at 1.08000, and possibly the price might retest that level. The market reached the swing zone on the 4H timeframe if you zoom out. I think the market might go up to retest the resistance swing zone, which is the demand zone as well. DXY is also pulling back from the resistance after a range breakout. My goal is the resistance at 1.07900

7 févr.

Commentaire

The market is ranging after an impulse move. Even though on the daily timeframe we have a bullish bar with a long wick, on the 1H timeframe, the EURUSD formed a double bottom (equal lows). It suggests that the price is weakening at the strong support level. I think it will move upward because the price has reached the demand zone. I expect the market to bounce off the downward trendline and the strong support level. My goal is the resistance at 1.08200