From the technical view:
1. From the Monthly point of view, price creating the big M pattern, we can see that the price is going to retest the middle of the M pattern, then we can expect further bullish on EURUSD until the pattern complete
2. From the Daily point of view, the price was created potential HNS patter but failed to form the proper right shoulder and broke back above the structure, we can expect the continuation to the upside.
From the fundamentals view:
1. Big players are bullish bias on EUR in the LT and ST
2. In the new report, more long opened and more short closed, around2.8k of the long open and 11k of the short closed, we can expect the strengthening of the EUR will be continue
How to approach EURUSD?
1. Overall the market environment is showing a bullish market on the 4h timeframe.
2. We also have the previous support turn resistance pattern at the moment, we can set the buy limit order according to your rules of the strategies
3. Make sure you follow risk and money management, always 1% risk on your account.
If you want my proper entry-level, SL and TP as your reference, comment down below let me know.
1. From the Monthly point of view, price creating the big M pattern, we can see that the price is going to retest the middle of the M pattern, then we can expect further bullish on EURUSD until the pattern complete
2. From the Daily point of view, the price was created potential HNS patter but failed to form the proper right shoulder and broke back above the structure, we can expect the continuation to the upside.
From the fundamentals view:
1. Big players are bullish bias on EUR in the LT and ST
2. In the new report, more long opened and more short closed, around2.8k of the long open and 11k of the short closed, we can expect the strengthening of the EUR will be continue
How to approach EURUSD?
1. Overall the market environment is showing a bullish market on the 4h timeframe.
2. We also have the previous support turn resistance pattern at the moment, we can set the buy limit order according to your rules of the strategies
3. Make sure you follow risk and money management, always 1% risk on your account.
If you want my proper entry-level, SL and TP as your reference, comment down below let me know.