The overall setup for EURUSD leans towards a Weaker Bullish stance. However, given the impact of Friday's NFP Candle, I anticipate a series of correction moves in the upcoming week. Therefore, I'll be ready to execute whichever trading strategy emerges.
Potential Strategies:
Now, the crucial question: Which side of the chart aligns with your trading strategy? I'm eager to hear your perspective. Please share your insights below!
Potential Strategies:
- Daily Chart - Bearish Flag Pattern:
- The Potential Bearish Flag Pattern is nearing the sell zone. You can opt to wait for candlestick confirmation, possibly during Tuesday or Wednesday's opening. Alternatively, consider heading to lower timeframes to await a double tops setup before entering a short position.
- Support Retest - 1-hourly Chart:
- Trend traders might want to keep an eye on the market's retest of the support level on the 1-hourly chart, signaling a potential buying opportunity.
Now, the crucial question: Which side of the chart aligns with your trading strategy? I'm eager to hear your perspective. Please share your insights below!
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.