Is It Time To Buy EUR/USD? Yes Or No?
Hi Traders,
Happy Friday!
Today we are looking at a possible 4-Hour Order Block entry on EUR/USD
We have seen nothing but bearish price action for the past month on most FX pairs.
The DXY has been going parabolic
EUR/USD is currently sitting on support that hasn’t been seen since 2016.
Is this a good time to buy?
I only enter positions that match my setup and this could be a possible play.
Yes, it is a counter-trend which is not always advisable.
This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup.
Hope you all have a fantastic weekend.
See you on the next one,
The Vortex Trader
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.