If the 1.1200 level will be respected then take the bullish trade.
Watch the price how it is falling to that level.
If it is falling aggressively be careful for the bullish trade, because price may break down the pattern and continue downside.
Note
Price moved downside. I entered bearish trade as price was falling below the MA.
Move to breakeven level or take the small profit and look for the next opportunity.
I will move to the breakeven as Risk/Reward ratio is low to close the trade on small profit for me.
Trade active
Giving price a chance to reach the bottom of the trend line. Trade is active and watching price move closely.
Trade active
Possible move on 1h time frame to confirm the sell on 4h time frame. Note
FED decision rate made EURUSD to fall aggressively which supported taken trade.Trade closed manually
Trade is closed with profit.
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.
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.