Weekly – strongly bullish
Daily – strongly bullish
H4 – bullish, now pulling back towards a consolidation zone between 1.7108 and 1.69930 (marked on my chart). 20 ema is also currently located here.
When/If price reaches this zone, I will be monitoring PA on H4 and H1 timeframes with a view to find evidence of a bullish continuation. In the current uncertain US situation, it is vital to establish that control of the market has returned to the bulls, before taking a long trade. Stop can be below the zone (around 1.6930) or a bit lower with the initial target at about 1.7280.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Daily – strongly bullish
H4 – bullish, now pulling back towards a consolidation zone between 1.7108 and 1.69930 (marked on my chart). 20 ema is also currently located here.
When/If price reaches this zone, I will be monitoring PA on H4 and H1 timeframes with a view to find evidence of a bullish continuation. In the current uncertain US situation, it is vital to establish that control of the market has returned to the bulls, before taking a long trade. Stop can be below the zone (around 1.6930) or a bit lower with the initial target at about 1.7280.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
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.