So..!! What is EURUSD doing on 4 hours chart..?
After a drastic fall to the new lows of the year, the pair found a support on thin air and pulling back. Now this pull back is evidently weak and is heading towards a minor sell level.
How to engage...?
Selling the pair at around 1.05210 region gives a really awesome Risk to Reward. It's always better to wait for...
As we saw trumps victory caused huge volatility yesterday , however we are still looking for a target zone of around the 1.23000 area possibly even lower. Im still very bullish on this pair as Im expecting a huge rebound to the upside once we are in the 1.23000 zone. but for now small short position. 100 pips or so.
The EURUSD pair was inside a downside trend (mid term, confirmed in daily charts). But on that general movement, we can notice on the 4h chart a bullish reversal construction taking place from the bounce at 1.08805 (Major support). The low and tops are getting higher, which is the basic definition of an upside trend.
This change of dynamic in short term is...
USDCAD is looking to approach another sell area in its daily corrective move we have all been following so intently. There have been many setups on offer during this period and this short setup is by no means any different. Nevertheless I will touch on why, further down in this piece, this correction may be coming to an end!
If price doesn't move into no mans...
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