EUR/USD Analysis – December 19, 2024
EUR/USD Analysis – December 19, 2024
Overview:
Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move.
Trade Idea:
Potential Long Entry: Around 1.03611, where the demand zone lies.
Target: The price could rise to 1.04628, which corresponds to the previous supply zone.
Risk Management:
Use a proper risk-to-reward ratio to manage your trade.
Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position.
Important Notes:
Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade.
Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk.
Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
Overview:
Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move.
Trade Idea:
Potential Long Entry: Around 1.03611, where the demand zone lies.
Target: The price could rise to 1.04628, which corresponds to the previous supply zone.
Risk Management:
Use a proper risk-to-reward ratio to manage your trade.
Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position.
Important Notes:
Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade.
Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk.
Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
Gurvinder singh
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