EURUSD (03-12-2018 until 07-12-2018)
Monthly:
Overall still bearish.
Weekly:
Bearish still valid.
Daily:
Looks like is hitting the support.
4-hour:
Consolidating between a price zone for the past few weeks.
1-Hour:
Maybe bullish as it is hitting the support of the previous price action.
Identify the time frame that you are comfortable to trade and trade the time frame.
Always look at the big picture of the trend and see how.
then see smaller time frame for price reaction. Trade those and position your money based on your risk appetite.
If your risk appetite is small, trade small.
Overall still bearish.
Weekly:
Bearish still valid.
Daily:
Looks like is hitting the support.
4-hour:
Consolidating between a price zone for the past few weeks.
1-Hour:
Maybe bullish as it is hitting the support of the previous price action.
Identify the time frame that you are comfortable to trade and trade the time frame.
Always look at the big picture of the trend and see how.
then see smaller time frame for price reaction. Trade those and position your money based on your risk appetite.
If your risk appetite is small, trade small.
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