EURUSD SHORT PERSPECTIVE
Currently stay on uptrend and retest on lower trendline and retrace back, expecting little bit more down before a strong buy signal form
Personal perspective will tends to long on this pairing as it will be looking bad towards dollar recently
suggestion:
(1) set a buy order at 1.086 if the current candlestick unable to break the lower trendline
Buy order around 1.0860(TP 1.0910 SL 1.0835)
(2) BACKUP PLAN: Set a sell order around 1.084 if the current candlestick breaks lower trendline
Sell stop @1.084 (TP 1.08 SL 1.088)
Personal perspective will tends to long on this pairing as it will be looking bad towards dollar recently
suggestion:
(1) set a buy order at 1.086 if the current candlestick unable to break the lower trendline
Buy order around 1.0860(TP 1.0910 SL 1.0835)
(2) BACKUP PLAN: Set a sell order around 1.084 if the current candlestick breaks lower trendline
Sell stop @1.084 (TP 1.08 SL 1.088)
Trade active
backup plan started as the support zone breakswondering dollar rises in this circumstance
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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.