EURUSD Big Picture Pullback into Continuation Shorts

2022年9月28日

EURUSD made a push to the mid 0.9530s during Asian Session (Sept 28,2022), recovering nicely again to just below previous NY Lows of 0.9580s during London. At this time the 1H Timeframe was in a beautiful downtrend but giving Price Action signals of a possible break.

From a Big Picture point of view, I wanted to see price make a recovery and break again above the 0.9600 (this has just been done during the NY Session (Sept 29). We have a clear break in structure from 1H down, and I am currently waiting on a Pullback to enter on a Long Position and ride the higher timeframe pullback as shown.

Possible Entries: 0.9600
0.9573

Stops between 10-15 pips below these entries

• Targets:
  Target 1: 0.9750
  Target 2: 0.9825
  
  

Note: this is not trading advice and/or signals, do your own analysis and manage your risk accordingly.

Would love to hear your feedback. Best of luck in your trading.