Let's see how EURUSD moved in light of all the current situations and announcements.
As previously discussed, we deviated from the sellside and closed back above it.
For those who might have forgotten what is meant by 'deviation/deviating' - trading below or above a specific price point (buyside or sellside) and failing to close below or above the specific price point (buyside or sellside) but failed to close below the HTF sellside).
We are currently heading towards our target of 1.1500. From there sighs on 1.21542.
IF we fail to hold the current HTF sellside, expect us to retrace back down.
This is a long term trade so PATIENCE will be key if you want to play it.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As previously discussed, we deviated from the sellside and closed back above it.
For those who might have forgotten what is meant by 'deviation/deviating' - trading below or above a specific price point (buyside or sellside) and failing to close below or above the specific price point (buyside or sellside) but failed to close below the HTF sellside).
We are currently heading towards our target of 1.1500. From there sighs on 1.21542.
IF we fail to hold the current HTF sellside, expect us to retrace back down.
This is a long term trade so PATIENCE will be key if you want to play it.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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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.
Related publications
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.