Hello traders, i wish you had a very profitable week. Let's see a great long opportunity for EUR/USD on 1H chart.
TECHNICAL OBSERVATIONS 1.We have a potential Bullish Gartley pattern which coincides with previous price structure. 2.Stochastics are in onersold levels. 3. RSI is in oversold levels. 4.Both Stochastics and RSI indicators are showing bullish divergence at the double bottom created. 5.Price cut the 200EMA downwards which now acts as a magnet for a retracement to the upwards. 6.We have also a gap created at 1.1890-1.1875 level which usually as a gap tends to fill in most cases. 7.Keep in mind NFP comes out tomorrow.
POSSIBLE LONG TRADE ENTRY PRICE AT 1.1765-1.1755 AREA TARGET T1 AT 1.18330 TARGET T2 AT 1.18770 STOP LOSS AT 1.17300
THANKS FOR FOLLOWING! KEEP SUPPORTING FOR MORE PROFITS!
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STOP LOSS INTACT AND NOW IN PROFITS. PATIENCE AND DISCIPLINE ALWAYS PAYS BACK..