Euro / U.S. DollarShort
Momentum is Slowly Building
Momentum is slowly building in this market towards a breakout.
Whilst a breakout higher would be favorable as it would be inline with the overall higher time frame uptrend, I will be watching the price action for any major breakouts.
If price ends up breaking lower, the smaller time frames could provide a lot of trading opportunities for both straight breakouts and breakout and re-test trades. These could also be very high reward trades as price has a lot of room to fall lower into.
Whilst a breakout higher would be favorable as it would be inline with the overall higher time frame uptrend, I will be watching the price action for any major breakouts.
If price ends up breaking lower, the smaller time frames could provide a lot of trading opportunities for both straight breakouts and breakout and re-test trades. These could also be very high reward trades as price has a lot of room to fall lower into.
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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.
Related publications
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.