EURUSD IDEAS (NEXT SESSION)
YOOOOOO Back with another idea snipers, this one's looking at the EURO; so that being said i posted an idea to my GBP idea just now, ill include the link with this idea. Lets hop into it shall we.
Since we know GBP and EUR have a positive correlation, we can kind of look to take long approach since GBP is looking strong in terms of the bulls power. As i have marked on my chart, i have price in this distribution box and currently waiting to see which direction price decides to jump out of. If we see a break on the lower side, we are going to have to wait for a retest since the local trend is upwards, meaning we need more confirmation for an entry.
If we break on the topside however, we will wait for price to hit the resistance above (orange line) and depending on the strength of the move and whatever happens at the level we will take a long.
Since we know GBP and EUR have a positive correlation, we can kind of look to take long approach since GBP is looking strong in terms of the bulls power. As i have marked on my chart, i have price in this distribution box and currently waiting to see which direction price decides to jump out of. If we see a break on the lower side, we are going to have to wait for a retest since the local trend is upwards, meaning we need more confirmation for an entry.
If we break on the topside however, we will wait for price to hit the resistance above (orange line) and depending on the strength of the move and whatever happens at the level we will take a long.
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Penafian
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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.