Price is still bearish. Because after Bull trap EURO came back into the range.
I have 2 scenarios what to do at this moment.
1. Open sell after fake broke of 1.1422
2. Open buy if the price will break up 1.1422 and 1hour candle will close above it.
I always trade near key levels because near them I can set proper S/L.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
I have 2 scenarios what to do at this moment.
1. Open sell after fake broke of 1.1422
2. Open buy if the price will break up 1.1422 and 1hour candle will close above it.
I always trade near key levels because near them I can set proper S/L.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
Note
1. sell after fake broke of 1.1422, 1-hour candle must close under 1.1422Note
2nd. I will open buy after broke up 1.1422 and H1 close upper it Note
EUR/USD is going down to the border of a 3-month range. You can hold a sell position.
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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.