eurusd h4 long/short +220/+300 pips swing trade plan

3天前

🔸Hello traders, let's review the 4hour chart for EURUSD today.
All previous setups hit TP, +600 pips original short and recently
another short from resistance TP hit +240 pips.
feel free to recap via links below:

🔸Currently after hitting 0500 EURUSD remains weak / vulnerable
to further downside. I'm not expecting any bounce from current
levels and also can't recommend any new entries, right now this
is a no trade zone for me.

🔸Bears will target re-test of key s/r zone at 0380, this is also
the highest probability zone for a bounce in EURUSD.
Resistance overhead set at 0600, so this is a +220 pips trade setup
based on the bounce off the key s/r zone.

🔸Recommended strategy for EURUSD traders:no trade recommended
at current price, however bulls should enter BUY/HOLD at/near 0380
SL 40 pips TP1 +120 TP2 +220 final exit at 0600. Bears should wait
for the bounce to complete and short from overhead resistance at
0600 TP1 +150 pips TP2 +300 pips final exit at 0300. SL 40 pips.

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