Lingrid | EURUSD long from CONFLUENCE zone

2024年9月2日

EURUSD closed bullish on the monthly timeframe, but it encountered resistance and bounced off that zone. Currently, the price has made a pullback and is heading toward the psychological level at 1.1000, which also serves as a key support zone. On the daily timeframe, the market remains bullish, suggesting that the recent pullback could be an opportunity for a rebound. I expect the market to bounce off the confluent zone formed by the lower border of the channel, a trendline, and the psychological level at 1.1000. This combination of support factors could provide a solid foundation for the market to resume its upward momentum. My target is resistance zone at 1.113500


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

2024年9月6日

交易結束：目標達成

Perfectly played out