Hello everyone! This post is covering the EURUSD with the Professor Setup and Pure Price Action Technical Analysis. I hope you all were able to get in the market commentary that I sent out yesterday! Most already reached their Take Profit levels and we are waiting on the last few assets to complete their setups for entry, EURUSD being one of them.
Please refer to the video below for the full market commentary video I sent out yesterday below
- EURUSD H4 Timeframe
- The EURUSD is in an overall long trend
- We are currently experiencing some resistance and possible correction to the downside before we see a continuation
- If the 1.106649 level doesn’t hold (candle body not wick) then we may see a trend reversal or deeper correction. See the video for full analysis
- New Defined Range:
- 1.106649 – 1.114618
- Breakout Trading:
- Long Target Range: 1.117542 – 1.124134
- Short Target Range: 1.104194 – 1.100243
Cheers to another successful week!
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