ChrisThein

EUR/USD 60 min structure/breakout play

FX:EURUSD   Euro / U.S. Dollar
Price is coming into a key structure level. Price has tested 1.0633-1.0640 level before and has had a strong reaction. We'll see what happens on the open, if price strongly rejects this level look to go long. However if we get a strong close below 1.0633 we could have a nice breakout play to the downside. If that's the case I'm looking to take profits at the ABCD completion 1.0548 on the 240 min chart. Also price will probably gap on the open, if we have a gap to the down side you could place your sell order at the gap for a touch-and-go to the down side. Either way we have a couple of good trading opportunities. Trade what you see, not what you feel. Good luck.
Comment: If you haven't gotten short you can wait for a retrace up to 1.0633 to get short. Good luck trading.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out