In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here.
In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading.
But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too.
But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023.
Hello, I agree with your bearish bias on EURUSD. We might have the same idea! I too am looking for a sell entry and intend to take profit will be at 1.04818, where the -27.2% Fibonacci expansion line is. Please consider my suggestion:
harisonhbn9718
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and take profit in $1.0480
harisonhbn9718
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Re entry to short in EURUSD now. Stop Loss in $1.0646 USD
harisonhbn9718
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I have a first entry in $1.0589 USD and second first in $1.0603 USD. Both SL in $1.0630 USD. And take prodit in $1.0440 USD
harisonhbn9718
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I decide to put a second entry in $1.0603 USD with the same SL in $1.0630.
harisonhbn9718
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Thai trade was a little hard, but it's suppose to keep the perspective when I know very good that EURUSD will be bearish
harisonhbn9718
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EUR will drop and very sure that my analysis was ok. I'm entry in $1.0589 USD. stop Loss in $1.0630 USD