EUR/USD New Strategy PT.4 with Trade!

18 ago 2023

On EUR/USD, we have a bearish setup following lower highs and lower lows. I've decided to enter the market as the price on H4 broke two swing lows, one at the level of 1.0862 and the other at the level of 1.0855. I entered on the price retracement at the level of 1.0875 where we have an H4 supply zone, a truly significant area as it was the last bullish candle before the decline. I also checked H1 and M15 to better define the area, but there was nothing there. I positioned myself with the stop above the previous swing high and the take profit targeting the retest of the swing low or the market's previous low before the retracement. Comment and leave a like to support our work. Have a great weekend everyone from Nicola, CEO of Forex48 Trading Academy.