edmorcastones

EURUSD STILL POINTING LONG

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD price is now at the highest KEY level for this 4H Range (1.10920 area). The Direction is still LONG as for 4H, Daily and Weekly. as for Shorts shall be on ranges 15min and 5min short term sells.

Hence we will wait for the Pullback of 4H to get Short and a Pullback on 15min shall be the entry point for the the Sell above 1.10920 area.
For Longs still it will be risky to Buy at 15min Ranges but still a good range to trade if you can manage to take the 5min restructure of price to the upside.

so for Buy - 15min range is 1.10917 - 1.10220 to buy look for 5min restructure to the upside around price are 1.10300.
Sell - Price must first break the highest structure 4h and 15min to enable to get a clean sell, Look for the 15min restructure to the downside.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.