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
Uptrend.
Currently rising toward the previous all-time high.
Daily
Uptrend.
After a period of consolidation, price eventually broke upward.
The current price is near the closing level of the previous high.
4-Hour
Uptrend.
Broke above the resistance line at 1.14535.
1-Hour
Uptrend.
Looking to identify a pullback for a potential long entry.
Trade Strategies
Strategy①
Watch for price action around a potential support zone on the 1-hour chart to consider a long entry.
Strategy②
If the 1-hour support level breaks downward, look for a long entry near the 4-hour resistance-turned-support level or the last higher low.
However, be cautious as the 1-hour trend would then shift bearish.
