Possible outcomes for EURUSD (LONG & SHORT)
Hey all, hope you're all had an amazing week and caught those pips. Here's a little breakdown of my analysis for EURUSD
Price is currently caught in a range were price has previous consolidated - remember always look left to predict what can happen right!
With this I will be waiting for price to break this range before entering on a trade. If price closes above 1.18500 then I will looking for trades with a long bias. If price closes below the marked structure of 1.17974, then I will have a short bias to the marked structure of 1.17051.
I do have a long bias, mainly because of the double bottom that was made, 8hrs before the market close. We're also still in an uptrend so we will not be trading against the market.
Remember guys this is my own analysis, and I strongly recommend you carry out your own before entering any trade.
Let me know your guys thoughts!
Price is currently caught in a range were price has previous consolidated - remember always look left to predict what can happen right!
With this I will be waiting for price to break this range before entering on a trade. If price closes above 1.18500 then I will looking for trades with a long bias. If price closes below the marked structure of 1.17974, then I will have a short bias to the marked structure of 1.17051.
I do have a long bias, mainly because of the double bottom that was made, 8hrs before the market close. We're also still in an uptrend so we will not be trading against the market.
Remember guys this is my own analysis, and I strongly recommend you carry out your own before entering any trade.
Let me know your guys thoughts!
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