4 hour view
A break of the 200 ma convincingly would bring EURUSD pair to test previous highs at about 1.172.
Due to the low risk reward nature of the trade, I will not be longing the pair until my short target of 1.172.
Shorting the pair would be safe until the top trend line is touched. I suggest taking at least 50% of profits there.
A break back into the channel would send the pair to 1.154 quickly.
1 day view
I am expecting an attempt for EURUSD to touch 1.20 to form a huge H&S sending the pair down to 1.05 region.
Of course, beware of the German election coming up. Angela Merkle losing would send this pair down quicker
than expected. A win would probably lead to nothing much tbh :) Stay safe
A break of the 200 ma convincingly would bring EURUSD pair to test previous highs at about 1.172.
Due to the low risk reward nature of the trade, I will not be longing the pair until my short target of 1.172.
Shorting the pair would be safe until the top trend line is touched. I suggest taking at least 50% of profits there.
A break back into the channel would send the pair to 1.154 quickly.
1 day view
I am expecting an attempt for EURUSD to touch 1.20 to form a huge H&S sending the pair down to 1.05 region.
Of course, beware of the German election coming up. Angela Merkle losing would send this pair down quicker
than expected. A win would probably lead to nothing much tbh :) Stay safe
Note
Sooon :)Note
Move short to 1.18545
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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.