EURUSD - Be patience for long opportunity!
**Weekly**: Currently on a previous resistance area, which potentially turn support.
**Daily**:
- The price is on a strong 200 EMA support.
- MACD is showing bearish trend with decreasing momentum.
**4H**:
- Overall structure is bearish.
- The price currently in a ranging period after an upside impulse.
- MACD is showing more bullish power.
**What to do now? When to buy?**
- I am towards buying bias since it is in confluence of key structure and 200EMA in higher timeframe
- As the price is in consolidation, I will look for potential price action, eg bullish breakout or range support, to enter a long on this pair.
Do be aware for the CPI report coming out later! GOOD LUCK TRADERS!
**Daily**:
- The price is on a strong 200 EMA support.
- MACD is showing bearish trend with decreasing momentum.
**4H**:
- Overall structure is bearish.
- The price currently in a ranging period after an upside impulse.
- MACD is showing more bullish power.
**What to do now? When to buy?**
- I am towards buying bias since it is in confluence of key structure and 200EMA in higher timeframe
- As the price is in consolidation, I will look for potential price action, eg bullish breakout or range support, to enter a long on this pair.
Do be aware for the CPI report coming out later! GOOD LUCK TRADERS!
Trading ditutup: target tercapai
Congratz for those who take on the buying ride!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.