Hey gents,
Here is my current analyses of EURUSD.
We have strong support at 1.07620 & strong resistance at 1.07666. Currently ranging in that area in the Tokyo market. They can do a major fake out either way & turn around so be careful. I also have a retraction possible at 1.07450 before it continues up. However 1.07620 BREAKING would not be good for bulls.
My ideal TP would be 1.083 & I would love to see it hit that area, HOWEVER my worry if bulls push up is 1.0794 area. That is the FIB 38% area H4 & there is a huge resistance point in that area.
I currently can see long until 1.079 & if bulls have the b*lls to break that's up to them. However I think in this area I will start my short openings.
I have attached a closer look & H4 where you can see the FIB & resistance meeting at 1.0794
Here is my current analyses of EURUSD.
We have strong support at 1.07620 & strong resistance at 1.07666. Currently ranging in that area in the Tokyo market. They can do a major fake out either way & turn around so be careful. I also have a retraction possible at 1.07450 before it continues up. However 1.07620 BREAKING would not be good for bulls.
My ideal TP would be 1.083 & I would love to see it hit that area, HOWEVER my worry if bulls push up is 1.0794 area. That is the FIB 38% area H4 & there is a huge resistance point in that area.
I currently can see long until 1.079 & if bulls have the b*lls to break that's up to them. However I think in this area I will start my short openings.
I have attached a closer look & H4 where you can see the FIB & resistance meeting at 1.0794
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
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