EURUSD H4: Create long position when the price falls

14 Jul

Weekly: The rising price in the past two weeks has regained its position above MA156. However, since there is still upper resistance from the convergence triangle shape above and the slope of MA156 is still downward, the EURUSD is expected to remain within the range of 1.0840-1.1040 in the next one to two weeks.

Daily: The current price rise has reached the closing price of 1.0904 on June 3. Judging from the growth in trading volume, EURUSD still has the opportunity to continue to rise in the next few trading days. Investors should take advantage of price declines to establish "long positions."

H4: The three moving averages (MA120. MA60. MA18.) are arranged in an upward trend, and a "long position" should be established when the price falls.

H4 Strategy:

Buy Zone (positive) @ 1.0805-1.0870
SL: 20-25, TP: 40-80

Sell Zone @ 1.0985-1.1030
SL: 15-20, TP: 25-50

H1: Same as H4: the three moving averages (MA120. MA72. MA24.) are arranged in an upward trend, and a "long position" should be established when the price falls. But the price will be more positive when entering the "long position" (short-term strategy)

H1 Strategy:

Buy Zone @ 1.0850 -1.0885 (short-term)
SL: 15-20, TP: 25-60

Sell Zone @ 1.0940-1.0970 (short-term)
SL: 10-20, TP: 20-40

Full Time Frame 4K UHD Pic (TradingView):

17 Jul

Nota

EURUSD H1 result