EURUSD Short - Day Trading (01/290224)HTF 4H Analysis
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4H is currently in downtrend.
After first Major CHoCH, price is making the Counter-Trend (CT).
Looking up the internal structure within CT, price may come back first to the BULL Point of Interest (POI) to continue the CT.
LTF 15M Analysis
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15M is in the uptrend.
But price is facilitating 4H interal structure pull-back.
4H
15M
Trade Management
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Risking => 0.5% (Account Balance)
Risk-Reward Ratio => 1:3
Eurusd_short
EURUSD BUY/SELLLooking at the EURUSD pair, we can see the pair are nearing the top of the price channel the pair have been trading in for quite a while now. There are two scenarios playing out here. Either the pair could trade higher to the top of the channel, or the pair could break down through the trend line and start heading lower. The MACD & AO both show divergence which suggest's weakness, but it could still make a higher move to the top of the channel before breaking through and heading lower.