nshevche

EURUSD is in wide range

FX:EURUSD   Euro / U.S. Dollar
Hi, friends.
What we have now on EURUSD?
The pair is in wide main-balance with range 1.2215-1.2520.
We can try to buy from the lower balance level (1.2215). But this signal is not so strong, better way is to wait a confirmation (false break or big volume ) on this level.
Also, we can buy with a short stop-loss if our mini-balance goes up (retest 1.2360).
But the best signal would be if we will wait while this main balance goes up or down and a new mid-term trend will begin. So, decision up to you.
Be carefull with a trade inside the main-balance
Hi,
Lots of hard work. Thanks. What time frame is this?
Reply
BertVanBier nadeemenglish
@nadeemenglish, 4h, you can test that if you move your cursor over the graph and look at the difference between two candelsticks.
Reply
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