EUR/USD: Bearish expectative to reach the key level in $1.0440
Updated
In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here.
In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading.
But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too.
But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023.
Trade Information:
1) Entry Price: $1.0558 USD (Buy Order Limit)
2) Stop Loss: $1.0609 USD
3) Target Profit: $1.0440 USD
4) Pips: 117 pips
In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading.
But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too.
But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023.
Trade Information:
1) Entry Price: $1.0558 USD (Buy Order Limit)
2) Stop Loss: $1.0609 USD
3) Target Profit: $1.0440 USD
4) Pips: 117 pips
Note
We're still bearish in the smart point that I enter here.
Break Even in the entry price!!!
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