AlgoTradingGroup

EURUSD INTRA DAY BUY - HAPPY NEW YEAR

Long
FX:EURUSD   Euro / U.S. Dollar
Happy New Year everyone! We wish you all a prosperous year.

Starting this week, we are looking to take the above Buy trade in EURUSD. We are likely to see the reaction at the area marked. However, seeing how forcely EURUSD price is declining, we may see a possible run through. Hence why we will be risking 0.5% in this trade.

Note that the above analysis is just an anticipation and we always wait for more confirmation on LTF before execution.

For more refined view of this analysis. check below:

Please check the discription to view our 1 minute time frame analsis as we trade intra day high risk reward setups using 1 minute EURUSD chart.

Tradingview does not allow us to post lower than 15 minute time frame entries


Outlook on M1 Chart:


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