Hello, traders! The prior market structure for EURUSD was defined by a descending channel, from which the price eventually broke out and entered a new consolidation range. The price action within this range has seen a rotation from the 1.1780 supply level down to the 1.1660 demand level, where buyer initiative has re-emerged.
Currently, the auction is trading near this 1.1660 demand level after a reversal from the lows. The market is showing signs of building support in this zone, suggesting that the corrective move from the range highs may be complete.
My scenario for the development of events is that after a final small correction, the price will continue its growth within the consolidation. I believe a successful defense of the demand zone will trigger a new rotation to the upside. The take-profit is therefore set at 1.1750, targeting the upper portion of the range. Manage your risk!
Currently, the auction is trading near this 1.1660 demand level after a reversal from the lows. The market is showing signs of building support in this zone, suggesting that the corrective move from the range highs may be complete.
My scenario for the development of events is that after a final small correction, the price will continue its growth within the consolidation. I believe a successful defense of the demand zone will trigger a new rotation to the upside. The take-profit is therefore set at 1.1750, targeting the upper portion of the range. Manage your risk!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。