Hey guys,
Quick follow-up on the EURUSD idea we’ve been stalking for the past two weeks.
The EURUSD has finally tapped into our identified killzone, a level built off previous structure resistance combined with a classic AB=CD pattern completion. On top of that, we’ve printed a strong rejection candle at the level which is a clear sign that buyers may be stepping in.
Now, we’re just waiting on one final piece of confirmation before officially labeling this as a high-quality buying opportunity.
The only concern at the moment? The overall risk profile but that honestly really depends on where you're projecting price to go. However, if the higher timeframe profile doesn’t quite fit your rules, there is also a potential head and shoulders pattern forming on the lower timeframe that could offer an alternative entry opportunity.
If you enjoyed the breakdown or have any questions, drop them in the comments below.
Let’s see if this one plays out 👊
Akil
Quick follow-up on the EURUSD idea we’ve been stalking for the past two weeks.
The EURUSD has finally tapped into our identified killzone, a level built off previous structure resistance combined with a classic AB=CD pattern completion. On top of that, we’ve printed a strong rejection candle at the level which is a clear sign that buyers may be stepping in.
Now, we’re just waiting on one final piece of confirmation before officially labeling this as a high-quality buying opportunity.
The only concern at the moment? The overall risk profile but that honestly really depends on where you're projecting price to go. However, if the higher timeframe profile doesn’t quite fit your rules, there is also a potential head and shoulders pattern forming on the lower timeframe that could offer an alternative entry opportunity.
If you enjoyed the breakdown or have any questions, drop them in the comments below.
Let’s see if this one plays out 👊
Akil
Learn To Trade (Coaching, Courses & Community)
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🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
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Learn To Trade (Coaching, Courses & Community)
tieronetrading.com/
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
tieronetrading.com/
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.