Good day Traders and investors, welcome to EURUSD 4 hourly analysis!
Observing the EURUSD chart, there are multiple opportunities out there.
EURUSD looks very bullish, EMA 12 trading above EMA 26 and MA 200.
There's no sign's of divergencies on RSI yet.
So the long here is suggested, above 0,618 fib level and MA 200.
I'm looking for scaling into Long position from EMA 26, 0,618 and MA 200 (1.126 $/ 1.118 $/ 1.11 $)
But why this is short trade analysis you wonder? My dear friends, despite chart looks very bullish. We should keep in mind that 1.145 - 1.55 $ is a huge multiyear resistance, the odds to pass it quite low.
Very good risk reward for short there! Stop loss is 1.6 $ level, take profit MA 200 and below.
So here is the Long trade setup, before short comes:
Scaling into Long entry: 1.126 $/ 1.18 $/ 1.11 $
Stoploss: 1.095 $
Take profit: 1.138 $ / 1.145 $
Flipping into Short position:
Scaling into Long entry: 1.138 $ - 1.145 $
Stoploss: 1.6 $
Take profit: 1.1 $/ 1.095 $ and below
Have a nice day and manage your position according to situation!
Observing the EURUSD chart, there are multiple opportunities out there.
EURUSD looks very bullish, EMA 12 trading above EMA 26 and MA 200.
There's no sign's of divergencies on RSI yet.
So the long here is suggested, above 0,618 fib level and MA 200.
I'm looking for scaling into Long position from EMA 26, 0,618 and MA 200 (1.126 $/ 1.118 $/ 1.11 $)
But why this is short trade analysis you wonder? My dear friends, despite chart looks very bullish. We should keep in mind that 1.145 - 1.55 $ is a huge multiyear resistance, the odds to pass it quite low.
Very good risk reward for short there! Stop loss is 1.6 $ level, take profit MA 200 and below.
So here is the Long trade setup, before short comes:
Scaling into Long entry: 1.126 $/ 1.18 $/ 1.11 $
Stoploss: 1.095 $
Take profit: 1.138 $ / 1.145 $
Flipping into Short position:
Scaling into Long entry: 1.138 $ - 1.145 $
Stoploss: 1.6 $
Take profit: 1.1 $/ 1.095 $ and below
Have a nice day and manage your position according to situation!
Comment:
Comment:
Long filled, if bulls fail to sustain MA 200 than the Perfect short entry missed.
Now working according to plan, holding long till our Perfect short entry!
Now working according to plan, holding long till our Perfect short entry!
Comment:
Moving stop on long in profit, waiting for short entry to close long and open short.
Order cancelled:
closed long early. the short closed with a stoploss.