Reversal Imminent - 45min Interval - EURUSD

Hello Everyone,

The currency pair (EURUSD) has been on a (bearish) trend since (March 20th -21st). Considering the present PA at Support Level 1, there is a plausible opportunity to believe that the pair will be in an uptrend (or consolidation) within the next few days. Wait for further price confirmation. The PA has broken numerous consolidation levels to further progress downwards (March 25th -26th, March 28th - April 1st).

Resistance Level 1 - (1.13915 - 1.13945) 30 pip interval

Support Level 1 - (1.11890 - 1.11920) 30 pip interval

Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***

-LionGate

Kommentera:

Achieved PA at Support Level 1 - Wait For Confirmation To Decipher Trend Direction (Provide Further Analysis)

-LionGate

Kommentera:

TP Profits - If You Were Long (bull) Position at Support Level 1. Await Further Confirmation For Another Long (Bull) Position.

(Further Analysis and Patience Prior To 2nd Entry)

Pips Earned -(15 - 25)

-LionGate

Kommentera:

Contested PA Levels - (1.12450 - 1.12475). Further Consolidation and Trading Action is taking place at this moment in time. (Can Be False Breakout)

2nd Entry Position (Bullish) - (1.12545 - 1.12560) 15 pip interval

2nd Entry Position (Bearish) (Correction) - (1.12400 - 1.12425) 25 pip interval

-LionGate