Multi Timeframe Analysis
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
EURUSD failed will stutter near the 1.20020 level which is a confluence of strong market structure. Look to sell after valid signals on the 4H chart is evident. Target is 1.1800 from which you can buy. This is a 200 pip TP.
Note that the DXY is currently consolidating downwards but is projected to shoot up in a wave. This will impact all Majors and force a reaction.
As the daily and 4H downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
EURUSD failed will stutter near the 1.20020 level which is a confluence of strong market structure. Look to sell after valid signals on the 4H chart is evident. Target is 1.1800 from which you can buy. This is a 200 pip TP.
Note that the DXY is currently consolidating downwards but is projected to shoot up in a wave. This will impact all Majors and force a reaction.
As the daily and 4H downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
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.
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.