Euro / U.S. Dollar

Long

eurusd congestion 1h chart.

Updated

looking to buy in the congestion.
a close below the red line would invalidate.
look for weak bearish candles to buy.

Note

setup worked, posted chart after this, bearish setup. not so bullish anymore.

Note

made a mistake. round bottom. should have stayed in.

Note

i am confused. it looks bullish and it does not at the same time. gonna have to sit this one out.

Note

back on track. on 4h chart we see all weak bull candles.
no decisive candle.
there is also a spinning top.. all bearish signals. i was stopped out my short before but i may get a new one.

Note

turned out setup worked great.. sometimes i am my own worst enemy.

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.