EUR-USD STRUCTURE ANALYSIS|TRADING PLAN|
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EURUSD is trading in the accumulation/decision range right now, wiggling between the two poles.
So long as the green support stands, the target trade is a long+the diagonal trend-line is still intact and the broken diagonal resistance adds to the confidence.
TRADING PLAN:
1- If the price reaches the green support line
2-go long. 0.7% of the deposit, as there is no confirmation, unless looking at the price action in the moment.
3-SL below the support
4-Takes are on the chart.
ALTERNATIVE:
IF the support gets broken, then wait for the breakout to be confirmed, and go short. SL above the support. So you are doing a u-turn.
By the way, if the support gets broken, there will be H&S pattern there, so good chances on that one too.
Thank you for reading, like and subscribe and have a nice day!
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