Evening Traders,
Today’s analysis – EURUSD - trading towards a key technical trade location where a bullish reaction is plausible,
Points to consider,
- Price Action Corrective
- POC Region Support
- .618 Fibonacci Support
- Declining Volume
EURUSD’s immediate price action is trading towards it POC that is in confluence with the .618 Fibonacci, allowing for a bullish bias.
Holding this POC will help change the immediate structure that is placing a higher low.
The current volume is declining, and influx is highly imminent on the next expansion.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps, thank you for following my work
And remember.
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee
Today’s analysis – EURUSD - trading towards a key technical trade location where a bullish reaction is plausible,
Points to consider,
- Price Action Corrective
- POC Region Support
- .618 Fibonacci Support
- Declining Volume
EURUSD’s immediate price action is trading towards it POC that is in confluence with the .618 Fibonacci, allowing for a bullish bias.
Holding this POC will help change the immediate structure that is placing a higher low.
The current volume is declining, and influx is highly imminent on the next expansion.
Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps, thank you for following my work
And remember.
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee