EURUSD Trading Plan
When looking at the EURUSD currency pair from a bigger picture (daily chart), it's clear that the overall trend is still upward, even though there have been recent downward movements on lower time frames(LTFs). We prioritize the bigger picture trend over the shorter term movements.
So, we're considering potential buy opportunities around the strong demand area at 1.08500. However, we're not jumping in right away. We'll wait for signs that the shorter term (lower TF) trend is also shifting to become more bullish before we make any buy trades.
Remember, we're reacting to what the market is doing, not trying to predict its movements. Once we see the shorter term (lower TF) trend aligning with the bigger trend, we'll confidently enter buy positions within the 1.08500 demand zone.
In summary, our approach involves combining the larger trend with recent price action. We're being patient, waiting for confirmation before making any moves, and aiming to capitalize on the ongoing upward momentum in the market.
So, we're considering potential buy opportunities around the strong demand area at 1.08500. However, we're not jumping in right away. We'll wait for signs that the shorter term (lower TF) trend is also shifting to become more bullish before we make any buy trades.
Remember, we're reacting to what the market is doing, not trying to predict its movements. Once we see the shorter term (lower TF) trend aligning with the bigger trend, we'll confidently enter buy positions within the 1.08500 demand zone.
In summary, our approach involves combining the larger trend with recent price action. We're being patient, waiting for confirmation before making any moves, and aiming to capitalize on the ongoing upward momentum in the market.
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