The EURUSD currency pair experienced a decline due to the robust bullish reversal of the DXY index, which ended a prolonged period of bearish dominance. Notably, the price exhibited an impulse pattern characterised by the absence of corrective movements. This pattern is generally viewed positively by traders seeking swing buy opportunities in the EURUSD market. It is important to recognise that such patterns are often influenced by fundamental factors rather than the volume of sell entries. Consequently, when these fundamental influences subside, the price tends to retrace and resume its original price trajectory.
Regarding take profits, a strategy involving four distinct take profit levels is employed. This approach entails taking profits sequentially, with each successful take profit resulting in the closure of 25% of open positions and the subsequent setting of the next take profit level. It is crucial to emphasise that this analysis does not constitute financial advice, and individuals should conduct their own research and make informed decisions. The purpose of this educational chart is to provide insights into price movements and the underlying processes.
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Regarding take profits, a strategy involving four distinct take profit levels is employed. This approach entails taking profits sequentially, with each successful take profit resulting in the closure of 25% of open positions and the subsequent setting of the next take profit level. It is crucial to emphasise that this analysis does not constitute financial advice, and individuals should conduct their own research and make informed decisions. The purpose of this educational chart is to provide insights into price movements and the underlying processes.
Wishing you the best of luck and safe trading. Please feel free to express your appreciation by liking and commenting on this idea. Additionally, consider following for access to more valuable content.
Team Setupsfx_
10+ Years of Experienced Team Based in the UK 🇬🇧
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📌84% Accuracy in Forex |87% Accuracy In Gold |
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📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
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10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。