Review of Eurusd's Price Behavior, Fav Prices, & Looking Forward

In this Multi-Timeframe Analysis Video ⬇️
0:0 Monthly timeframe
1:08 Weekly timeframe
2:15 Daily timeframe
4:25 Bias for next trading day
4:46 4hr timeframe
7:08 1Hr timeframe

I go through multiple timeframes breaking down what's occurred on EurUsd over the past day and what I'm looking for moving forward to unemployment claims tomorrow and ultimately Interest rates next week. I'm suspecting that we may continue to pullback bearish in favor of the USD or at best range on Eurusd as 4hr bear market structure is develpoing and the daily candle just closed below the previous 3 Daily lows.



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Commentaire:

I suggested looking for a short setup when price retraced closer towards our 1.12373 4hr resistance zone and it was alos a daily resistance zone. I held a day trade for +19 Pips when price retested these areas. My take profit was the end of the clean traffic volume area on the 1hr at 1.1205. I took another trade which was a sell stop with news and added more pips. My SL was -5 pips and my target was the Daily wick fill at +15 pips and I took profit at +10 pips. Overall was a good week with +1.16% and after commisions like +1.10% Only two trades this week were on Thursday.