EUR-USD FORECAST (SHORT TERM TRADE SETUP)
Here's a simple short term chart analysis on EUR-USD for the day traders. ...
We're currently within a channel in a 2 hour time frame. I personally would wait for a buy opportunity on this but you know what they say, take any great opportunity you can get. A buy would be great when we break out from the channel through the mild resistance as we can see clearly in the charts. while for a sell, we should be looking for a retest on the small trend breakout within the channel and then a downward reversal. you wouldn't want to jump in on a retest for a sell because we could keep going up.
The best play is to wait for a retest, and then a reversal, then you can take the sell, but in my opinion, a buy would be a much more confident trade. to understand why i'm more confident on the buy, please check this chart below from my previous long term analysis on EUR-USD. This is a Zoomed in version on Consolidation above the breakout
Please feel free to share your ideas in the comment section below, i hope this helps
We're currently within a channel in a 2 hour time frame. I personally would wait for a buy opportunity on this but you know what they say, take any great opportunity you can get. A buy would be great when we break out from the channel through the mild resistance as we can see clearly in the charts. while for a sell, we should be looking for a retest on the small trend breakout within the channel and then a downward reversal. you wouldn't want to jump in on a retest for a sell because we could keep going up.
The best play is to wait for a retest, and then a reversal, then you can take the sell, but in my opinion, a buy would be a much more confident trade. to understand why i'm more confident on the buy, please check this chart below from my previous long term analysis on EUR-USD. This is a Zoomed in version on Consolidation above the breakout
Please feel free to share your ideas in the comment section below, i hope this helps
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.