Hey traders! ๐ Let's dive into a potential trading opportunity on the EURUSD pair using technical analysis. ๐
๐ Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the EURUSD pair. ๐ป
๐ Divergence on HH(Higher Highโs): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the HH(Higher Highโs). This is an important signal that the Bullish momentum might be weakening. ๐๐
๐ Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias.
๐ Entry Price: 1.06569
๐ฏ Stop Loss Level: 1.06959
๐TP1: 1.06183 ๐TP2: 1.05805
๐ฐ Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! ๐๐๐ฐ #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
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TP1 HIt , Kindly Move your SL to Breakeven Point to ride trend for TP2 if you want take the profit for the second ride as well. #happytrading #tradingwithbelieve