DNiceChampion

EURUSD Currently Ranging

FX:EURUSD   Euro / U.S. Dollar
EU is currently ranging. Price is in a distribution phase and could very likely be loading up on orders for the upcoming drop. BUT, we dont know which way it will break out so we must play it as such. I am selling at the top, trading the 1H/15min market structure down to the bottom of the range and looking to buy the bottoms targeting the top of the range. Will not look to target any higher or lower outside of the range until it is broken. I will look to get my entry on the retest when price comes back.

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.