EUR/USD Analysis – December 19, 2024
EUR/USD Analysis – December 19, 2024
Overview:
Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move.
Trade Idea:
Potential Long Entry: Around 1.03611, where the demand zone lies.
Target: The price could rise to 1.04628, which corresponds to the previous supply zone.
Risk Management:
Use a proper risk-to-reward ratio to manage your trade.
Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position.
Important Notes:
Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade.
Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk.
Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
Overview:
Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move.
Trade Idea:
Potential Long Entry: Around 1.03611, where the demand zone lies.
Target: The price could rise to 1.04628, which corresponds to the previous supply zone.
Risk Management:
Use a proper risk-to-reward ratio to manage your trade.
Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position.
Important Notes:
Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade.
Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk.
Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
Gurvinder singh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.