In this chart we are focusing on 1h time frame for EURUSD currency pair. In this analyze we are using price action concept along with support and resistance. So here we have two conditions.
1: If price break the consolidation or ranging area toward upside than we will go for buy.
2: If price break the ranging area toward downside than we will look for sell.
So wait for price when price give us clear breakout than after confirmation we will execute our trade.
Always use proper risk to reward ratio for your trade.
Trade active
Active Trade.
Trade active
Trading is active.
Price is giving us fake breakout. So keep an eye on this ranging area.
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