ITraderAnalysis

EURUSD TECHNICAL UPDATE

FX:EURUSD   Euro Fx/U.S. Dollar
126 1 1
a year ago
Technical Updates
*EURUSD
- On daily chart , I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout.
- On the other hand in H1 chart, there is perhaps a minor bearish sentiments that attract me. EU price is strongly bearish since 2 weeks back, by break & closed below the daily support with strong momentum indicates bear is still in control for the mean time.
- Price now retest & if Price Action form & confirmed, I will short it once with 1:1 ratio of risks/rewards.
10 months ago
Trade closed: stop reached
Price went straight to the north...
The price begin to move higher even without price going lower touching the btm TL(blue), was different from my trading plan.
I did a small short on the H1 timeframe & got SL-ed.
Any Trade can Lose in the Market, Stop Loss is always there for a Reason.
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