EURUSD TIME FRAME H4
Trading ideas on the EURUSD currency pair.
Have a nice evening.
For this opportunity I will share a trading analysis on the
EURUSD currency pair, by paying attention to price movements on the H4 chart
where the position looks inclined towards a bearish trend, so by looking at
that position I think a sell trading pattern will occur. So the option to trade
tonight is short for the EURUSD pair.
Temporary selling positions are in the range of 1.0216 to
1.0230 price levels. This position is quite reasonable in the moving average
area and hopefully it gives an indication of a correction as expected. Here I
target the price decline towards the support area at the 1.0170, where the
determining support area might be the next trading reference.
Then at this time I plan a reasonable stop loss position in
the resistance area at the 1.0260 level, or take a cut position if there is a
sudden reversal pattern, here are detailed trading options for today.
EURUSD trading plan
Open sell positions 1.0216 to 1.0230
Take Profit 1.0170
Stop loss 1.0260
Disclaimer :
Trading forex trading is very risky, the analysis above is
from my personal point of view, for trading reference material, the final
decision all depends on the respective trader.