As we have alot of good profits on our last trade on EURUSD we will be having another rollercoaster ride of profits this time too...if the price reaches at 1.09409 level and crosses it downwards then after confirmation which could be a Pinbar hammer or any candle we will enter short the confluance for this short is on daily timeframe we have a retracment remining to 50% level if it goes down and gives us a confirmation we will enter shorting otherwise it has completed 38% retracment on daily timeframe we will rely on buying this pair other confluance which gives me a short baised is 200SMA which is crossing the candles to the upwards also the third confluance which is somehow reliable is we have a engulfing H4 candle with a good sell volume new is also comjng tomorrow which is good for USD dollar index so we can see a downtrend for now
Note : overall trend for this pair is uptrend
Note : overall trend for this pair is uptrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.