What information can we derived on EURUSD daily chart?
1. Price rejected the structural level with massive selloff last Friday
2. Price is currently on upper daily stoch level which means to go long on EURUSD is not recommended
3. We spotted a 3rd leg Diversion may about to happen which we predict the next direction of price could potentially go
Price may retest minor trendline and would wait for clear price action/pattern on lower TF before taking any position
Overall bias = Bearish
Using simple entry technique
Step 1:
Waiting for the price to break below the correction trendline
Step 2:
Waiting for HL & LL structure (Best if the price retest at the broken trendline)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
1. Price rejected the structural level with massive selloff last Friday
2. Price is currently on upper daily stoch level which means to go long on EURUSD is not recommended
3. We spotted a 3rd leg Diversion may about to happen which we predict the next direction of price could potentially go
Price may retest minor trendline and would wait for clear price action/pattern on lower TF before taking any position
Overall bias = Bearish
Using simple entry technique
Step 1:
Waiting for the price to break below the correction trendline
Step 2:
Waiting for HL & LL structure (Best if the price retest at the broken trendline)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.