This is the trade planned for week 04-06-2018 until 08-06-2018.
Monthly Chart:
Looking at the monthly chart, the dip of the EURUSD -0.28% has reached monthly resistance level between 1.15539 and 1.1714
Weekly Chart:
Same applies to weekly chart. It has reached the resistance level range and prepare to rebound.
Day Chart:
From daily chart , it is observed that there is some rebound and retreat, after hitting the resistance range level.
4 Hour Chart:
From four hour chart, there is rebound and retreat.
1 Hour Chart:
From one hour chart, the rebound is confirmed. If lower high is produced within 1 hour chart, further rebound and retreat will most likely to happen. This is for the daily and weekly chart to form head and shoulder before going down further.
Conclusion:
1. May join the setup of buy and stop loss with the low of 1.15166.
2. Wait for the rebound and retreat to weaken, and setup sell as the overall market sentiment is going south and chart is saying going down also. Temporary rebound or retreat might happen.
Trade at your own risk and setup proper risk and reward ratio.
Monthly Chart:
Looking at the monthly chart, the dip of the EURUSD -0.28% has reached monthly resistance level between 1.15539 and 1.1714
Weekly Chart:
Same applies to weekly chart. It has reached the resistance level range and prepare to rebound.
Day Chart:
From daily chart , it is observed that there is some rebound and retreat, after hitting the resistance range level.
4 Hour Chart:
From four hour chart, there is rebound and retreat.
1 Hour Chart:
From one hour chart, the rebound is confirmed. If lower high is produced within 1 hour chart, further rebound and retreat will most likely to happen. This is for the daily and weekly chart to form head and shoulder before going down further.
Conclusion:
1. May join the setup of buy and stop loss with the low of 1.15166.
2. Wait for the rebound and retreat to weaken, and setup sell as the overall market sentiment is going south and chart is saying going down also. Temporary rebound or retreat might happen.
Trade at your own risk and setup proper risk and reward ratio.