EURUSD remain upside above the cloud Long

Euro Fx/U.S. DollarFXCM

Description

⋅ May 5, 2023 3:58 AM

On the H4 chart, it fell to the gap and quickly bounced back above the cloud.

The Chinkou line is now in position above the past price and in the open space for a move to the old top and higher highs.

Trade closed: stop reached

⋅ May 5, 2023 12:51 PM

Comments

tranvanloc

⋅ May 5, 2023 12:50 PM

News of Non-Farm Employment Change and Unemployment Rate has been the catalyst to push prices down further.

Thank you for your comments on my analysis.

I have taken a good short position.

tranvanloc

⋅ May 5, 2023 8:52 AM

It goes lower toward 1.0982 and I change my view to SHORT to 1.0982

AlloysK

⋅ May 5, 2023 6:45 AM

I think you are absolutely wrong my friend

tranvanloc

⋅ May 5, 2023 8:51 AM

@AlloysK, Thank you, London session, it goes lower toward 1.0982. But my account can not post a new idea because of limitations.