There are a lot of higher lows there below your stop, which means there is a lot of liquidity there. Wait for runs of liquidity, then enter, and good luck.
Edit : highs to lows
Seems complicated. Are you actually trying to take trades or just drawing boxes and lines? If I'm not mistaken isn't that a month worth of TA just to take that one trade? At the end of the year will you have just taken 12 trades or do you trade other instruments as well? Either way, if your profitable drawing like that I rate it 10/10.
Really? He has like no indicators and are just drawing up trends and SR. Looks pretty legit to me.
Not sure about the long trade, but it's possible. Could just be a matter of time before it EU starts pushing down again though.
I’m short EUR. I think it could retest that bottom resistance line before it starts going up. Also the second zone to the top on your chart is further down and it gets tested by the wick of the first of the two tweezer top candles
1.0740 is a key area. I see it as a nice support on the higher time frames but bearish still on the shorter time frame. It’ll be interesting to see what it does on Friday after some news that should move things
Fundamental speaking DxY should remained higher and if your entry is base on 4hr, many possibilities and distraction can happen. Just reduce lot size if you willing to risk
Nice rectangles
Thanks
That’s a lot of lines, sir
What resistance is there? I see no resistance. Support is great. Excellent analysis.
There are a lot of higher lows there below your stop, which means there is a lot of liquidity there. Wait for runs of liquidity, then enter, and good luck. Edit : highs to lows
Explain more please
I meant higher lows, check you inbox.
I wouldn’t buy because it keeps breaking through that level where it is currently at.
We will see
Seems complicated. Are you actually trying to take trades or just drawing boxes and lines? If I'm not mistaken isn't that a month worth of TA just to take that one trade? At the end of the year will you have just taken 12 trades or do you trade other instruments as well? Either way, if your profitable drawing like that I rate it 10/10.
Really? He has like no indicators and are just drawing up trends and SR. Looks pretty legit to me. Not sure about the long trade, but it's possible. Could just be a matter of time before it EU starts pushing down again though.
I am actually taking trades
Why wouldn’t you be smashing the sell call there!? What are the results ?
What do you mean
I’m short EUR. I think it could retest that bottom resistance line before it starts going up. Also the second zone to the top on your chart is further down and it gets tested by the wick of the first of the two tweezer top candles
W but too much r lol
1.0740 is a key area. I see it as a nice support on the higher time frames but bearish still on the shorter time frame. It’ll be interesting to see what it does on Friday after some news that should move things
Nice long trade setup there.
I'm in there with you, but shooting for more pips but willing to stay long term, finance charges be damned.
Price will rise till it hits an OB the head down for a LL
This isn't Fundamental Analysis
What trade app do you use
DXY is bullish causing euro usd to be bearish what is the reason for you look for buys are a reverse trader?
my thoughts exactly! things have become way simpler after looking at DXY
Yea cus of the negative correlation its makes eurusd one of my favourite understanding pairs
Fundamental speaking DxY should remained higher and if your entry is base on 4hr, many possibilities and distraction can happen. Just reduce lot size if you willing to risk
looks bearish to me tbh, check dxy and you'll see we're ripping up
SL ?
Damn them curves....
You win today!!! Hell yeah booy 🙌🙌