Marenno
Long

EURUSD Short term entry setup based on 1H

FX:EURUSD   Euro Fx/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.
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youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

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lexus21182118
a year ago
ok
Reply
Fxtoronto
a year ago
great analysis
Reply
Marenno
a year ago
Thank you, but always use money management, as any analysis - no matter what approach it is can be right or wrong !!!
+1 Reply
Fxtoronto Marenno
a year ago
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
Fxtoronto Fxtoronto
a year ago
very premature right now as we can see
Reply
Marenno Fxtoronto
a year ago
true
Reply
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