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Monday, March 29, 2021

EURUSD H8: Best Levels to BUY/SELL TP+200/+400 (SL/TP)(NEW)

EURUSD H8: Best Levels to BUY/SELL TP+200/+400 (SL/TP)(NEW)

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EURUSD H8: Best Levels to BUY/SELL TP+200/+400 (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect more gains.


πŸ”Έ Summary and potential trade setup
::: EURUSD 8hours/candle chart review
::: revised/updated outlook
::: REVISED/UPGRADED TO BULLISH OUTLOOK
::: short-term more downside
::: targeting 1650
::: retail positioning in EURUSD
::: is mixed right now
::: 55 000 std lots short vs
::: 45 000 lots long
::: expecting BOUNCE later from key S/R
::: exactly same pattern as
::: previously in october 2020
::: decent gains on BUY SIDE from 1650
::: Bulls will target re-test of 1950
::: SL 50 pips TP BULLS is 1950
::: lower risk / recommended strategy
::: BUY LOW 1650/ SL 50 TP 1950 +350 pips
::: FINAL TP BULLS is 2000
::: chart looks strong but slow price action
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
πŸ”Έ Supply/Demand Zones
::: 1650/1600 fresh demand zone
::: 1950/2000 fresh supply zone
πŸ”Έ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.



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