Lingrid | EURUSD bullish MOMENTUM Testing KEY Resistance Level

4月14日

The price perfectly fulfilled my previous idea. It reached the target zone. EURUSD formed a massive bullish weekly candle, representing an impulse leg on lower timeframes. The market broke and closed above the 2023 high and is now testing the 2022 high. On the 1H timeframe, the market is likely to create an ABC pullback toward the support level and upward trendline. I think the price may continue moving sideways since consolidation phases typically follow impulse legs. If the price rejects the support level below, we can expect the market to move higher. This consolidation would be a natural breathing period after the strong upward movement before potentially continuing the bullish trend. My goal is resistance zone around 1.15000


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

4月15日

交易進行

Good time to Entry! 📈