ON FX:EURUSD daily chart we have strong channel and harmonic moves inside the channel.
So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44. This is a perfect technical opportunity to monitor for the next week.
Good post, thanks, my take: Neutral, but preferring longs, looking to buy @ 1.1040 and 1.1010, bit higher than you.
sabu8086
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What I want to do with EUR/USD in next days, sell or buy?
RCP
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Thank you for the comment. Currently I assume the market will fall @1.1022 according to shorter time frame analyzes, which is the Red Zone on daily chart. Please see the chart below:
So, I the shorting opportunity in next days, before it goes up.
sabu8086
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So better to sell E/U?
RCP
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First of all lets see how the market opens on Monday.
According to my plan it is a good selling opportunity on lower time-frame until the support level and I suggest to sell.
Once price reaches the reversal zone, we should buy, which is a very good opportunity to get involved in.
But the most important at this point is your trading plan, what does your plan tell you, work according to it.
sabu8086
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thnks
RCP
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You'r welcome.
We sell, then we buy all the way up.
Neutral, but preferring longs, looking to buy @ 1.1040 and 1.1010, bit higher than you.