Marenno
Long

EURUSD Short term entry setup based on 1H

FX:EURUSD   Euro/U.S. Dollar

Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement.


Price is currently at 127.2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart

Due to current price position (intra-day - independent view) I will look for Bullish PA patterns to begin with a limit order at 1.0839

In case If You have followed my evening call, then it's better to trail then to close a trade.

This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere.

Any questions are welcome.
Your Likes are much appreciated.
Thank you, but always use money management, as any analysis - no matter what approach it is can be right or wrong !!!
+1 Reply
AkashGaur Marenno
thats true. Had something similar but looking at 1.09 area
ab=cd completion with structure

snapshot

could be a bearish flag with structure
Reply
AkashGaur AkashGaur
very premature right now as we can see
Reply
Marenno AkashGaur
true
Reply
great analysis
Reply
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