EURUSD Forecast (22/03 - 27/03) - Potential Long
Trading Idea with LT
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- Price Action: Price has been looking very corrective from date 06/01 to date 09/03 after making a higher high from the impulse of the date 04/11/20. To resume the buy, I do believe that we have induced a bunch of sellers in the market in order for us to buy.
- Technical: the 15/03 to 20/036 candle is an inside bar which mean that the price has been consolidating for a week after the little impulse from date 09/03/21. Also price is hovering over the precious high which we can call it support area. This looks good for a buy.
- Fundamental: The FOMC meeting has made the US dollar weak. that could be a good catalyst for this pair to long. waiting on the COT data as well could be a good idea.
- Entry:only to my future student
Manage it Well,
Cheers
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