EURUSD Market Analysis and Trading Strategies.
*Personal Opinion
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Waveforms of each time leg
Weekly
Uptrend.
The price has reached the upper boundary of the channel.
Daily
The overall trend is upward.
A temporary downtrend formed with lower highs and lower lows, and the price rebounded at the last pullback high line, but it has now broken above that line with candlestick bodies.
4-Hour
Uptrend.
I am bullish, but I expect a significant pullback to occur at some point.
1-Hour
Uptrend.
The price is currently facing resistance.
Trade Strategies
I am considering a pullback buy near the previous high line on the 4-hour chart and the trend reversal line on the daily chart.
Since this is around the middle of the 4-hour channel, there is a possibility of losing directional clarity, but it is likely a highly significant price zone.
A sharp rise has occurred, and further upward movement is unlikely due to lack of momentum.
As more traders aim to sell and close buy orders, I am considering a short targeting a pullback on the higher timeframe.
Currency Strength
【EURUSD】4H
EUR>USD
【GBPUSD】4H
GBP>USD
【USDJPY】4H
USD<JPY
【EURJPY】4H
EUR>JPY
【GBPJPY】4H
GBP>JPY
【EURGBP】4H
EUR>GBP
USD<JPY<GBP<EUR
