EURUSD(
EURUSD) is currently positioned near the lower line of a potential descending channel and is hovering around a Support zone($1.1542-$1.1514). There's also a smaller descending channel that formed last week, which is something we should consider in our EURUSD analysis.
There's a Regular Divergence (RD+) between the two recent lows that EURUSD has made, which is a good sign of a possible reversal.
In terms of Elliott Wave theory, it appears that EURUSD has completed the main wave 5, with the main wave 3 being an Extended wave. A break of the upper line of the descending channel(small) could confirm the end of the main wave 5.
I expect that EURUSD could at least move up toward the next Resistance zone($1.1586-$1.1575).
Second Target: $1.1597
Stop Loss(SL)= $1.14857
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD) is currently positioned near the lower line of a potential descending channel and is hovering around a Support zone($1.1542-$1.1514). There's also a smaller descending channel that formed last week, which is something we should consider in our EURUSD analysis.There's a Regular Divergence (RD+) between the two recent lows that EURUSD has made, which is a good sign of a possible reversal.
In terms of Elliott Wave theory, it appears that EURUSD has completed the main wave 5, with the main wave 3 being an Extended wave. A break of the upper line of the descending channel(small) could confirm the end of the main wave 5.
I expect that EURUSD could at least move up toward the next Resistance zone($1.1586-$1.1575).
Second Target: $1.1597
Stop Loss(SL)= $1.14857
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Operación activa
Trade was activated
EURUSD
Position: Long
Entry Point: 1.14881 USD (Limit Order)
Take Profit: 1.15381 USD
Stop Loss: 1.14541 USD
Risk-To-Reward: 1.47
Please don't forget to follow capital management
Operación cerrada: objetivo alcanzado
Thanks for your patience
Target Done=>Risk-To-Reward: 1.47
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.