Thursday , November 21 2024
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Pivot: 1.3750 Signal: Buy EURUSD at 1.3830 with targets @ 1.3870 & 1.390 in extension. Stop Loss: 1 hour close below 1.3800 Pivot: 1.3750 Signal: Buy EURUSD at 1.3830 with targets @ 1.3870 & 1.390 in extension. Stop Loss: 1 hour close below 1.3800 Conviction: The EURUSD tested the pivot 1.3750 yesterday and took off quickly to hit 1.3850.

Buy EURUSD at 1.3830

Forex Trades 179 Views

Pivot: 1.3750

Signal: Buy EURUSD at 1.3830 with targets @ 1.3870 & 1.3890 in extension.

Stop Loss: 1 hour close below 1.3800

 

Conviction: The EURUSD tested the pivot 1.3750 last week and bounced off quickly in an expected reaction at such a support level. Clear price action forming a Marubuzo candlestick on the 4 hours chart and the pair is at the bottom of a raising channel. Risk appetite is expected to rise in the coming week along with data

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1.3800 1.3780 1.3750 1.3850 1.3880 1.3900

 

 

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About Razi Hammouda

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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