EUR/USD SWING TRADE
EURUSD
Market conditions
This pair has been ranging for quite a while between 1.15000 and 1.17500. Recently came down to major weekly support line and broke it.
Confirmations
- Trend change in the market: LH/LL
- Broke major support
- Price has hit psychological resistance 1.14000
Notes
- Looking for an entry around the 50% retracement of the previous closing candle to enter a short position.
- Check lower timerframes to avoid premature entry.
For further information please leave a comment
Market conditions
This pair has been ranging for quite a while between 1.15000 and 1.17500. Recently came down to major weekly support line and broke it.
Confirmations
- Trend change in the market: LH/LL
- Broke major support
- Price has hit psychological resistance 1.14000
Notes
- Looking for an entry around the 50% retracement of the previous closing candle to enter a short position.
- Check lower timerframes to avoid premature entry.
For further information please leave a comment
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