In my previous EURUSD idea, I was watching for a move lower from the 1.18 area.
Price has now reached the lower boundary of the monthly channel, so the previous downside scenario has played out well.
Even though the next monthly range has not fully formed yet, I’m starting to watch for a possible corrective move toward the 1.1750 area, which is close to the monthly channel midline.
This is not a trade recommendation, just my current chart plan.
Price has now reached the lower boundary of the monthly channel, so the previous downside scenario has played out well.
Even though the next monthly range has not fully formed yet, I’m starting to watch for a possible corrective move toward the 1.1750 area, which is close to the monthly channel midline.
This is not a trade recommendation, just my current chart plan.
Operación cerrada manualmente
Update:EURUSD gave a decent move from this setup, but did not reach the full target.
The higher targets are still there for me, but not active right now. To continue toward the upper zones, price needs to reclaim the weekly range first.
At the moment, the lower boundary of the weekly range is acting as resistance, so I prefer to wait for a new structure and a cleaner setup.
Indicators, updates & setups: t.me/magicdiagonals
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.
Indicators, updates & setups: t.me/magicdiagonals
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.