EURUSD - long weekly chart

EURUSD weekly bullish bias with potential 5R trade in this swing position.

Two weeks in a row with long wick into the Demand zone. Last week we took out liquidity resting from December.

DXY and USDCAD look similar, we might see the big trend shift now, where dollar gives in for a few weeks/months.

Within this bias I'll be looking for shorter term long positions.

Entry: 1.078
SL: 1.069 (aggressive), 1.065 (loose)
TP final: 1.122
+ Many opportunities for taking partials

Within 2-3 weeks we should cover significant ground - want to see strong push from here. If we don't get that, confidence in setup is reduced

Сделка активна:

EURUSD going as expected, gave the big push and sitting pretty so far.

First partial TP for me is at 1.1 for a 2,6R.

Сделка закрыта вручную:

Closing in a small profit, market seems to have shifted, don't like the PA