EURUSD wait wait wait
Rate is stuck between the (descending) monthly trend line and the (ascending) H4 trend line.
We can possibly have a range for 1 week. Personally I will wait until next contact with Trend Line H4.
Scenario 1 : Trend Line H4 break -> SHORT
Scenario 2 : Trend Line H4 hold -> LONG
Scenario 3 : No contact with trend Line H4, rate is up before that -> Nothing
We can possibly have a range for 1 week. Personally I will wait until next contact with Trend Line H4.
Scenario 1 : Trend Line H4 break -> SHORT
Scenario 2 : Trend Line H4 hold -> LONG
Scenario 3 : No contact with trend Line H4, rate is up before that -> Nothing
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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.