The EURUSD continues its wave 4. Whipsaw coming!
This range trading will not last, it will eventually have to break up either to the upside or downside. When the fakeout happens, we want to enter on the opposite side of the trade. I have identified 1.15 for a short and 1.115 for a long for swing traders. If you are a scalper, trade the range and breakout and exit quickly. Do not hold your trades for too long, the market is undecided on the next direction.
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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.