EURUSD Market Analysis and Trading Strategies.
*Personal Opinion
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Waveforms of each time leg
Weekly
Uptrend.
After a correction, the price is rising again, aiming for the recent high.
Daily
Uptrend.
The recent high is acting as resistance, and the price was pushed back with a wick.
4-Hour
Uptrend.
The price was strongly pushed back from the previous high zone.
While there is strong upward momentum, significant selling pressure—including profit-taking from buyers—can also be observed.
1-Hour
Downtrend.
The price initially bounced from the origin of the recent sharp rally but has now broken below that line.
Currently in a pullback phase, trading near the previous low.
Trade Strategies
Strategy①
Trend-following short on the 1-hour chart.
Since the market is currently in a pullback, enter short when the lower timeframe shifts from an uptrend back to a downtrend.
Strategy②
Trend-following long based on the 4-hour chart.
Although it’s unclear how far the 1-hour downtrend will continue, consider a long entry if bullish momentum remains strong.
