🔸TRADE EXPLANATION:
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🔸Today we are going to share a full explanation of a Bullish pending trade that we have on EUR/USD.
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🔸On the Weekly Chart, we can observe that the Descending Trendline valid since 2008 has been broken to the upside.
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🔸If we zoom into the Daily Timeframe, there is a corrective move making a throwback to the broken Trendline, and also retested the Support Zone.
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🔸 Our forecast on this pair is Bullish in the long term. The trade that we are going to take has a pending order at the breakout of the corrective structure (safe level), the Stop loss is placed below, and the take profit is at the next Resistance Zone.
🔸WEEKLY CHART ANALYSIS:
.
.
🔸Today we are going to share a full explanation of a Bullish pending trade that we have on EUR/USD.
.
🔸On the Weekly Chart, we can observe that the Descending Trendline valid since 2008 has been broken to the upside.
.
🔸If we zoom into the Daily Timeframe, there is a corrective move making a throwback to the broken Trendline, and also retested the Support Zone.
.
🔸 Our forecast on this pair is Bullish in the long term. The trade that we are going to take has a pending order at the breakout of the corrective structure (safe level), the Stop loss is placed below, and the take profit is at the next Resistance Zone.
🔸WEEKLY CHART ANALYSIS: