ForexDreams

EURUSD - CONSIDERING OUR OPTIONS

FX:EURUSD   Euro Fx/U.S. Dollar
156 5 4
I closed my previous trade (yes the pick of the day) for -6 pips. The reasons for that have been commented on the chart/idea - see related ideas below.

I feel this is starting to look like a reversal.

Does this mean price could fall? Well It could at least fall back into the range.

The 10 pips above the market high was too close to market.

The purple lines indicate a 20 pip buffer which seems more appropriate.

Next, there is a somewhat big news report at 13:30 UTC+1 Jobless Claims that could push price decisively in one direction.

Once I have a clear direction, I'll re-enter on a pullback and see if I can bag 70 pips. As of right now I'm not entirely confident of price's intentions.

How about you?

Also, do you think I was right to close early or should I have stuck with it?

Feel free to leave a comment.
sasacoco
8 months ago
I think it will fall to1.36, then go up
Reply
sasacoco
8 months ago
it will go to1.36, then go up a bit, .....finally, to 1.55
Reply
ForexDreams sasacoco
8 months ago
This is EU. perhaps you're referring to GU?
Reply
sasacoco ForexDreams
8 months ago
sorry, it shoul be 1.136

Reply
sasacoco sasacoco
8 months ago
I mean it will go to 1.136, then finally to 1.155
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out