EURUSD Fun Daytrader Analysis
We don't normally daytrade, but we were asked to look at a EURUSD from a quick active-trade perspective. We've marked the counter-trend entry in-case missed counter-entry on Friday. Fundamental analysis is out the window due to being such a short timeframe and news effects on short-term currency movements. If we had limited capital, we'd use a target, but otherwise, trend-following into a new trend involves letting the trade "breathe" and trailing a stop. We use the middle line in our cloud.
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.