The 5%ers' Blog

Long Term Destination For EUR/USD Based On Supply & Demand 10/01/2019

January 10, 2019 | 12:17 pm | The 5%ers' Blog
January 10, 2019 | 12:17 pm
The 5%ers' Blog

As a price action forex trader, my trading decision based mostly on Supply & Demand, the EURUSD now is bullish, and if we look at the daily chart, we can see that the next supply is Waiting at 1.1720, therefore I believe the price will tend to reach there, in order to join this bullish momentum, I’ll wait for the price at the new fresh demand below, this demand is a Great continuation level for buy position, my target will be 1.1720 zones.

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