NathanSaunders

EUR/USD: LONG AND SHORT OPPORTUNITIES ANALYSIS Mnth/Wk/Dy used.

FX:EURUSD   Euro Fx/U.S. Dollar
195 5 4
If price action breaks down through the weekly trend line we can start to prepare for a short position, entering around the 1.08032 ( Daily support ). Looking for it to continue down toward the 1.05202 point (Monthly/Weekly support).
Risk: A return to the current level of indecision : (1.08728) from the entry point (1.8032).

If price action bounces off the weekly trend line and breaks the daily trend line, we'll prepare to go long. Entering after a reversal confirmation ( break of 1.09810 point). Exiting around the 1.13735 point, or possibly the next level of resistance (1.14650) if movement is strong.
Risk: A return to the current level of indecision (1.08728) from the planned entry (1.09787)

Thoughts? Advice? Corrections?

Related Ideas

_Zeus_ PRO
9 months ago
watch out for news on Friday
Reply
NathanSaunders _Zeus_
9 months ago
Someone mentioned this earlier, is there important news about to drop?
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_Zeus_ PRO NathanSaunders
9 months ago
yes for USD on Friday, non-farm employment change, trade balance, unemployment rate etc.
I'm closing all my USD trades before the release
Reply
NathanSaunders _Zeus_
9 months ago
Cheers for the heads up.
Reply
_Zeus_ PRO NathanSaunders
9 months ago
anytime
Reply
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