trading plan for euro dollar
Updated
hey traders,
I want to share with you my analysis on euro dollar pair.
I think for everyone it is clear that from November the pair in a side move.
Though the trading range is quite wide from 1.15 - 1.12, nice profits have been made on structure trading.
On 24th and 25th of January we see a nice bullish impulse leg.
After a retracement 1.141 the market has established a new high so technically locally the market is an uptrend.
What happens now, the market tests the previous higher low.
If we see a bearish breakout of this level, bullish trend will be violated , and we will be looking for entries to sell the market.
The opposite side of the coin:
bullish violation of a local falling channel.
If we see a decent bullish breakout of this channel,
we might expect the retest of the market local high!
So we can trade the market is both sides!)
Good luck!
Note
wow, this big red candleNote
bearish violation with retest
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