Buying Opportunities on EURUSD

28 jul

Here’s an exciting update on EURUSD, which has just broken out of consolidation on the weekly chart. Let’s explore the buying opportunities available.

Weekly Chart:
EURUSD has broken and closed above the consolidation, signaling a potential upward trend.

Buying Opportunities on the 4-Hourly Chart:
1. Support Level:
- Key Level: 1.0843
- What to Do: Look for a buying opportunity at this support level.

2. Bullish Shark Pattern:
- Pattern Completion Level: 1.0820
- What to Do: Wait for the Bullish Shark Pattern to complete at 1.0820 for another buying opportunity.

Strategy:
1. Magic Candle Confirmation: Always wait for this confirmation before entering the trade. It ensures a higher probability of success.
2. Stop-Loss: Place your stop-loss just below the entry level after our buffer to manage risk.

Final Thoughts:
This breakout on the weekly chart offers promising buying opportunities. Remember to stay patient and wait for the Magic Candle Confirmation before entering your trades.

What’s your plan for EURUSD? Are you looking at the support level or the Bullish Shark Pattern? Share your thoughts and strategies below!

Happy trading, everyone! 🚀