SWING TRADE SETUP ON EURUSD
We had a nice move to the upside yesterday following a shift on the 1H timeframe, Hope some of you were able to catch the move to the upside.
If not there is another setup that I am looking at. This is a swing setup and if played out I expect for TP to be hit within the week.
The main thing to keep in mind is that we have interest rate decisions for both the FED and ECB.
Depending on how the numbers come out this setup will stay valid or EURUSD will break below the invalidation point and continue it's move to the down side. Good risk management is key with these news events.
If not there is another setup that I am looking at. This is a swing setup and if played out I expect for TP to be hit within the week.
The main thing to keep in mind is that we have interest rate decisions for both the FED and ECB.
Depending on how the numbers come out this setup will stay valid or EURUSD will break below the invalidation point and continue it's move to the down side. Good risk management is key with these news events.
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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.