VasilyTrader

trading plan for euro dollar

VasilyTrader Updated   
FX:EURUSD   Euro / U.S. Dollar

hey traders,

I want to share with you my analysis on euro dollar pair.

I think for everyone it is clear that from November the pair in a side move.
Though the trading range is quite wide from 1.15 - 1.12, nice profits have been made on structure trading.

On 24th and 25th of January we see a nice bullish impulse leg.
After a retracement 1.141 the market has established a new high so technically locally the market is an uptrend.

What happens now, the market tests the previous higher low.
If we see a bearish breakout of this level, bullish trend will be violated , and we will be looking for entries to sell the market.

The opposite side of the coin:
bullish violation of a local falling channel.
If we see a decent bullish breakout of this channel,
we might expect the retest of the market local high!

So we can trade the market is both sides!)

Good luck!
Comment:
wow, this big red candle
Comment:
bearish violation with retest

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.