EURUSD Market Analysis and Trading Strategies.
*Personal Opinion
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Waveforms of each time leg
Weekly
The market is in an uptrend.
Although the recent high was briefly broken by a candlestick wick, there hasn’t been a confirmed breakout with a candle close — so for now, the high remains unbroken.
Daily
The price reached the recent high line and was pushed back by the wick of the candlestick.
4-Hour
The price is moving within the range of 1.14050 to 1.16311.
Currently, it has reached the recent high, and attention is focused on whether it will break through or be pushed back.
1-Hour
An uptrend.
Recently, there has been some slight consolidation.
Trade Strategies
Strategy①
The price is currently being bought near the 1-hour moving average and is showing a slight upward movement.
If it returns to the lower end of the range once more, I will consider a long entry.
Strategy②
If the outlook shifts downward on the 1-hour chart and a bearish trend starts to form, I will consider a short entry.
The aim is to target the sharp rise on the left side of the chart.
Strategy③
If the price breaks the previous high with a candlestick body on the 4-hour chart, I will consider a dip-buying opportunity on the lower timeframes.
