REASONS TO SELL: For a few days it struggles to get long. 4h box broke below. Price crossed 50-78 EMAs
REASONS TO BUY: 4h box broke above Above 50-78EMAs WHAT COULD GO WRONG: Strong resistance zone (confluence) News
REASONS TO BUY: 4h box breakout Above 50-78EMAs Above channel WHAT COULD GO WRONG: False breakout
Buying. REASONS: * Above 50-78 EMAS * Broke the 4h box upward * Yesterday short move dried out * Hope it will at least test the upper bound channel WHAT COULD GO WRONG: The downward momentum will continue.
London breakout strategy for EUR/USD. REASONS TO BUY: EMAS 50-78 confirm the short time uptrend. Last 4-hours box broken (from Asian Session). The pair is in the channel (see 4h). The upper bound may be tested. WHAT COULD GO WRONG: 1.13300 Key level resistance The pair may reverse even if the channel's upper bound is not hit.