trading plan for euro dollar

hey traders,

I want to share with you my analysis on euro dollar pair.

I think for everyone it is clear that from November the pair in a side move.
Though the trading range is quite wide from 1.15 - 1.12, nice profits have been made on structure trading.

On 24th and 25th of January we see a nice bullish impulse leg.
After a retracement 1.141 the market has established a new high so technically locally the market is an uptrend.

What happens now, the market tests the previous higher low.
If we see a bearish breakout of this level, bullish trend will be violated , and we will be looking for entries to sell the market.

The opposite side of the coin:
bullish violation of a local falling channel.
If we see a decent bullish breakout of this channel,
we might expect the retest of the market local high!

So we can trade the market is both sides!)

Good luck!

Kommentar:

wow, this big red candle

Kommentar:

bearish violation with retest