Corona virus it hitting USA pretty damn quick, so we can definitely expect it to move down vs the EUR
EUR/USD *
Monthly Time Frame: You can definitely see a big and long (8 months or so) downtrend due to the USD getting strong from a lot of reasons but now due to the corona virus the market (US stocks and so) the us dollar is getting a big punch to the face, you can see a big volume from the buyers last month and that might indicating for the perfect EUR/USD long now and price is getting rejected on the demand zone I market
Weekly Time Frame : Well we can see the downtrend from the monthly time frame that touched now at the bottom of it and a week after there is a strong bullish last candle to make our entry good enough for long term "investing" might be good entry now by now i mean at 1.07166 with stop loss at 1.6330 and tp 1.1000 R;R of 3.5
Daily Time Frame : After my last swing trade publish of EUR/USD (Perfect entry at the bottom) I would wait for market opening to wait for the perfect entry to make but now im not quite sure because when a price is going up i is allways must go down a little (a pullback) and thats why im waiting
4Hr Time Frame : Same here, after a beautifull upward movement we should wait for price to go down and look at the price action so we can "sail on the wave" to make some profits
1Hr Time Frame: Same like the 4hr time frame analysis
EUR/USD *
Monthly Time Frame: You can definitely see a big and long (8 months or so) downtrend due to the USD getting strong from a lot of reasons but now due to the corona virus the market (US stocks and so) the us dollar is getting a big punch to the face, you can see a big volume from the buyers last month and that might indicating for the perfect EUR/USD long now and price is getting rejected on the demand zone I market
Weekly Time Frame : Well we can see the downtrend from the monthly time frame that touched now at the bottom of it and a week after there is a strong bullish last candle to make our entry good enough for long term "investing" might be good entry now by now i mean at 1.07166 with stop loss at 1.6330 and tp 1.1000 R;R of 3.5
Daily Time Frame : After my last swing trade publish of EUR/USD (Perfect entry at the bottom) I would wait for market opening to wait for the perfect entry to make but now im not quite sure because when a price is going up i is allways must go down a little (a pullback) and thats why im waiting
4Hr Time Frame : Same here, after a beautifull upward movement we should wait for price to go down and look at the price action so we can "sail on the wave" to make some profits
1Hr Time Frame: Same like the 4hr time frame analysis
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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.