JICPT| EURUSD bullish setup on bottom of the SW structure!
Hello everyone. EURUSD has been down by 15% from the peak of 1.23ish created in Jan. of last year. Now, it's approaching the the bottom of the big sideway structure with previous low around 1.0355 to 1.0479.
My trade plan is as below:
1. bullish long setup: After hitting the zone(1.0355 to 1.0479), looking for signs on 4H for reversal pattern.
2. bearish short setup: if the zone(1.0355 to 1.0479) is firmly violated, it indicated that downtrend continues. The potential could be 0.95ish.
As the mirror of the Dollar index, the EURUSD has been weak due to the Fed's interest hike and the war. Let's see if buyers jump in at or in the zone!
What do you think? Give me a like if you're with me.
My trade plan is as below:
1. bullish long setup: After hitting the zone(1.0355 to 1.0479), looking for signs on 4H for reversal pattern.
2. bearish short setup: if the zone(1.0355 to 1.0479) is firmly violated, it indicated that downtrend continues. The potential could be 0.95ish.
As the mirror of the Dollar index, the EURUSD has been weak due to the Fed's interest hike and the war. Let's see if buyers jump in at or in the zone!
What do you think? Give me a like if you're with me.
plan your trade and trade your plan