Reasons to consider going long on EUR/USD - 4H
1.) Looking at where I marked my yellow arrows we can clearly see
that price is falling back down to a major level of support as
this level has been tested multiple times.
2.) Looking at our RSI indicator we can see that price has formed a Hidden bullish
divergence (Trend Continuation)
Overall for the past three weeks price has been on a steady uptrend so
it's only right for me to be looking at long trades throughout this week
based on the 4H. As price is getting closer to my entry point I'll
be going down to the lower timeframe for reversal entries.
1.) Looking at where I marked my yellow arrows we can clearly see
that price is falling back down to a major level of support as
this level has been tested multiple times.
2.) Looking at our RSI indicator we can see that price has formed a Hidden bullish
divergence (Trend Continuation)
Overall for the past three weeks price has been on a steady uptrend so
it's only right for me to be looking at long trades throughout this week
based on the 4H. As price is getting closer to my entry point I'll
be going down to the lower timeframe for reversal entries.