EURUSD Market Analysis and Trading Strategies.
*Personal Opinion
I use “XMTRADING” as my trading tool.
It is my personal most trusted trading account and is used by many professional traders.
I use “TradingView” as my analysis tool.
Registering an account gives you access to many features for free.
Waveforms of each time leg
Weekly
It’s not confirmed yet, but the weekly chart seems poised to break the recent high.
Daily
The price has broken the previous high, confirming a fully bullish outlook.
4-Hour
The recent high line has been broken to the upside.
It’s unclear whether there will be a pullback first or if the price will keep rising straight away.
1-Hour
It’s an uptrend.
If the price continues to rise, I want to watch for pullbacks on the lower timeframes.
Trade Strategies
Strategy①
Waiting for a pullback on the 4-hour chart before considering a long entry.
Strategy②
Expecting a buying opportunity on pullbacks at the 1-hour chart level.
Also paying close attention to price action around the moving averages.
