Eurusd Multi-timeframe Analysis 1W -> 1Hr ( Video đź“ą)
Updated
Hello traders,
Welcome to this free Multi-timeframe analysis. Eurusd is the only market I trade and I thought that maybe I can bring more value with this educational video analysis.
Eurusd has low volume coming out of the bank holiday as expected. Do not blink though because we have a full plate of fundmanental news to end off the week with fed meeting minutes being released during late NY session tomorrow. With the Lack off bottom wick we can observe on the previous Daily candle I see another increase on Eurusd towards the top of the daily range (1.096) as long as we can stay above 1.086 Daily support level. If I'm going to be honest, zones are looking a bit messy to the upside when we get around 1.092. With have a very nice 36 pips range to fill to the downside to 1.08382 4hr support zone if our Daily support doesn't hold. We must keep in mind news can take price anywhere despite the messiness and cluster of our zones. So anything can happen and we must be preprared for both scenarios.
This was my previous publishing of Eurusd prior to PMI data release on Monday. (One of the scenario's pointed us back towards 1.08761 1hr Zone) Current price 1.0884
https://www.tradingview.com/chart/EURUSD/O7EOVuij-PMI-Red-Folder-News-Scenario-s-Eurusd/
Welcome to this free Multi-timeframe analysis. Eurusd is the only market I trade and I thought that maybe I can bring more value with this educational video analysis.
Eurusd has low volume coming out of the bank holiday as expected. Do not blink though because we have a full plate of fundmanental news to end off the week with fed meeting minutes being released during late NY session tomorrow. With the Lack off bottom wick we can observe on the previous Daily candle I see another increase on Eurusd towards the top of the daily range (1.096) as long as we can stay above 1.086 Daily support level. If I'm going to be honest, zones are looking a bit messy to the upside when we get around 1.092. With have a very nice 36 pips range to fill to the downside to 1.08382 4hr support zone if our Daily support doesn't hold. We must keep in mind news can take price anywhere despite the messiness and cluster of our zones. So anything can happen and we must be preprared for both scenarios.
This was my previous publishing of Eurusd prior to PMI data release on Monday. (One of the scenario's pointed us back towards 1.08761 1hr Zone) Current price 1.0884
https://www.tradingview.com/chart/EURUSD/O7EOVuij-PMI-Red-Folder-News-Scenario-s-Eurusd/
Note
Took Buys with NY Open off our 4hr support zone 1.08761Trade closed: target reached
Price has made a larger move towards the other side of the range. So Far I've caught about half of the move, could've held a bit longer. Consistency and discipline. I can observe a nice profit on the account but I want to hold a little longer moving forward.
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