EUR/USD
EUR/USD is testing another spot of resistance.
Important levels are marked and below we will look at how to act upon the levels.
1- We can buy when the price takes pause or makes any indecision candle. and the next candle closes above the previous candle.
2- If the market spikes either up or downside then wait for the retest then we can go ahead where ever it makes a retest we can enter with a small stop loss.
Trend analysis
1W time frame - if the candle closes above resistance then we can track it till 200EMA touches.
1D time frame - it is important to take a pause and the next candle gives close above that then we can go long.
4H - don't sell it if gives any break out in this time zone. the market may get volatile.
CAUTION:-
Don't take immediate action on the downside until it creat any price action and breaks it.
Happy Trading.
just for educational purposes only.
Important levels are marked and below we will look at how to act upon the levels.
1- We can buy when the price takes pause or makes any indecision candle. and the next candle closes above the previous candle.
2- If the market spikes either up or downside then wait for the retest then we can go ahead where ever it makes a retest we can enter with a small stop loss.
Trend analysis
1W time frame - if the candle closes above resistance then we can track it till 200EMA touches.
1D time frame - it is important to take a pause and the next candle gives close above that then we can go long.
4H - don't sell it if gives any break out in this time zone. the market may get volatile.
CAUTION:-
Don't take immediate action on the downside until it creat any price action and breaks it.
Happy Trading.
just for educational purposes only.
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