Thoughts on EURUSD.
The long side is looking very ripe still. That move from 1.2180 to 1.2250 was great. USD is weakening across the board against all majors so there is definitely the momentum for the move to continue.
Potential Entries:
1. If the price closes below 1.2283 area on the 12/20/20 20:00:00 hourly candle, I will definitely be getting in long with a roughly 75% probability of profiting. Stops & Target in Image.
2. Another possible entry is at 12/21/20 6:00:00 if the hourly candle closes below 1.2278. This entry should it become available has a roughly 69% probability of profit.
3. The last entry I am looking at/stalking is 24 hours from now on the 12/21/20 15:00:00 close. If we are below 1.2267 at this time, I'll be going long with roughly a 58% probability of profit.
If 1.2310 is reached before any of the closing times I am watching, all entries will be invalidated.
The long side is looking very ripe still. That move from 1.2180 to 1.2250 was great. USD is weakening across the board against all majors so there is definitely the momentum for the move to continue.
Potential Entries:
1. If the price closes below 1.2283 area on the 12/20/20 20:00:00 hourly candle, I will definitely be getting in long with a roughly 75% probability of profiting. Stops & Target in Image.
2. Another possible entry is at 12/21/20 6:00:00 if the hourly candle closes below 1.2278. This entry should it become available has a roughly 69% probability of profit.
3. The last entry I am looking at/stalking is 24 hours from now on the 12/21/20 15:00:00 close. If we are below 1.2267 at this time, I'll be going long with roughly a 58% probability of profit.
If 1.2310 is reached before any of the closing times I am watching, all entries will be invalidated.
Viewing the market through f(x)
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