Key Levels (1-hourly chart):
- Resistance: 1.0669
- Support: 1.0630
Additional Setup (4-hourly chart): Bullish Deep Crab & ABCD Patterns at 1.0522
Analysis:
- Approach: Identifies potential shorting and buying opportunities based on support & resistance levels
- Key Levels: Highlights resistance at 1.0669 and support at 1.0630 on the 1-hourly chart
- Alternative Setup: Considers a more favorable buying opportunity at the convergence of Bullish Deep Crab & ABCD patterns at 1.0522 on the 4-hourly chart
Trade Plan:
- Shorting Opportunity (1-hourly chart): Consider shorting at 1.0669 or buying at 1.0630
- Preferred Buying Opportunity (4-hourly chart): Look for a convergence of Bullish Deep Crab & ABCD patterns at 1.0522
- Risk Management: Implement effective risk management techniques to protect trades
Insights:
EURUSD presents trading opportunities at key support and resistance levels on the 1-hourly chart. Additionally, a more compelling buying opportunity may arise at the convergence of Bullish Deep Crab & ABCD patterns on the 4-hourly chart. Ensure prudent risk management practices are in place to manage potential market volatility.
📉📈 Exercise caution and prioritize risk management when trading EURUSD based on support & resistance levels!
- Resistance: 1.0669
- Support: 1.0630
Additional Setup (4-hourly chart): Bullish Deep Crab & ABCD Patterns at 1.0522
Analysis:
- Approach: Identifies potential shorting and buying opportunities based on support & resistance levels
- Key Levels: Highlights resistance at 1.0669 and support at 1.0630 on the 1-hourly chart
- Alternative Setup: Considers a more favorable buying opportunity at the convergence of Bullish Deep Crab & ABCD patterns at 1.0522 on the 4-hourly chart
Trade Plan:
- Shorting Opportunity (1-hourly chart): Consider shorting at 1.0669 or buying at 1.0630
- Preferred Buying Opportunity (4-hourly chart): Look for a convergence of Bullish Deep Crab & ABCD patterns at 1.0522
- Risk Management: Implement effective risk management techniques to protect trades
Insights:
EURUSD presents trading opportunities at key support and resistance levels on the 1-hourly chart. Additionally, a more compelling buying opportunity may arise at the convergence of Bullish Deep Crab & ABCD patterns on the 4-hourly chart. Ensure prudent risk management practices are in place to manage potential market volatility.
📉📈 Exercise caution and prioritize risk management when trading EURUSD based on support & resistance levels!
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.