Tuesday, June 04, 2019

Euro is aproaching crucial Price Action zone 1.1290 Origin of Down move

Euro Price Action Zone Strategy

Last time, I made a post on euro around 1.1248 area which cap the upside and went to as down as 1.1100 ish area & now as price is lot more bullish but still vulenrable around 1.1270 area & I would keep and eye on how price Approach crucial 1.1290 area as it could be turning point for euro if it breach 1.1290 & 1.1330 area.


Euro dollar Price Action Zone Strategy recommending a turning or reversal

Its not difficult to find turning points in euro at the moment. Falling trendline from the top & resistance 1.1270 capping the upside & a bullish move from here will surely get headwinds around the crucial 1.1290-1324 zone. I would still put my stops around 1.1340 to protect from excessive buying and complete stop hunting before we see any move down towards 1.1070 area.

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2 comments:

  1. UnknownJune 5, 2019 at 11:47 AM

    Awesome trade. Get in early around 1.1295 and already got 70 + pips. Looking for an update now.

    Thanks a lot

    ReplyDelete
  2. Aman AroraJune 6, 2019 at 12:32 AM

    Thanks for your interest. Great weekend wirh ECB & NFP in ficus. One thing is sure Euro will find long term direction in this high low rejection trend. Watch PA & stayn tuned

    Kindest Regards,

    Aman

    ReplyDelete

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