Critical area
Updated
In my humble opinion we are currently on a very critical area. A small correction (downtrend channel) inside a much bigger uptrend channel.
I have added daily SR levels for your reference as well as the channel trendlines of both identified long term trends. i'm currently neutral but inclined for some further downtrend to bounce on the vortex of those channels.
Risk Reward ratio seems pretty interesting at current levels.
I have added daily SR levels for your reference as well as the channel trendlines of both identified long term trends. i'm currently neutral but inclined for some further downtrend to bounce on the vortex of those channels.
Risk Reward ratio seems pretty interesting at current levels.
Trade active
Price is about to hit another important support at 1680, a great place to double up long positions. I have entered long at 1725 to 1715 range in different stakes. Im going to keep'em till 1.23 - 1.26. Trade the whole swing again.Trade closed manually
NFP data on Good Friday may reverse EURUSD so it seems more appropriate to open shorts till 1.16 or below.
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