EURUSD, Forecast on H4.

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

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!
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 ?
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 .
Going according to plan. In buy.
+2 Reply
Ollyman oscareign
@oscareign, coach said scrap the buy though
oscareign Ollyman
@Ollyman, only if the 4-hour candle fails to close above the orange line yes. Closely monitoring, had jumped in too quick.
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