DatTong

EURUSD, Forecast on H4.

FX:EURUSD   Euro / U.S. Dollar
EURUSD , Forecast on H4.
H4:
- Structure: Sideways
- Tendency: upward
- Test resistance daily
PLAN:
move up-> test resistance H4
-> waiting signal=> Sell
Comment: EURUSD is still finding its way to go up to the expected zone.
Comment:

If EURUSD can not close above the orange line, we can cancel the Up trade
coach how u doing? )))
+1 Reply
DatTong artizan777
@artizan777, pretty good!
Reply
I switched tactic on this one. I took a starter long position with a relatively wide stop a couple of hours ago.
There is a fair bit of congestion in terms of support. If it goes up then I have 2 other long entries.
If it keep going down due to a tweet or some other stuff i am Ok with my SL.
I am looking for a ride back up to your sell zone... which might take up to a couple of days, unless there is some big Tweets happening.

I do pretty well with those multiple entries, especially if there is a tweet creating a strong one shot drive in one direction.
The key with this tactic is not to be too greedy and recognize what the potential bumpers ahead are.
I use this mostly with the AUD and NZD however as the big guys love to spike those at least once a week.
+1 Reply
Hi coach, is it safe to sell eurusd on the h4 as you said we can cancel the buy trade ?
Reply
DatTong Ollyman
@Ollyman, it's not safe as it's still on a minor impulse and things can change quickly, so just stay out
+1 Reply
Ollyman DatTong
@DatTong, Okay coach , I was hesitant so never took any trade, thankyou for your analysis , much appreciated coach. Hope your holiday is going well .
Reply
Going according to plan. In buy.
+2 Reply
Ollyman oscareign
@oscareign, coach said scrap the buy though
Reply
oscareign Ollyman
@Ollyman, only if the 4-hour candle fails to close above the orange line yes. Closely monitoring, had jumped in too quick.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out