EURUSD Long on 4H/ 1H
EXY is Bullish whereas DXY is bearish. Therefore Long on EURUSD was selected. Chart analysis is as under:
EURUSD is printing HHs and HLs on 4H/ 1H timeframes. Upon closer inspection, on 4H timeframe, it has also printed a bearish Butterfly pattern with PRZ (marked grey box) ~ 1.10680 area. On 1H timeframe, the price move in being observed in an upward channel. Therefore upon drawing confluence of trendlines, fib retracement pocket between 61.8% and 78.6%, Support area, Bearish DIvergence on RSI on 1H timeframe and PRZ of Butterfly pattern, a long entry has been planned at 1.08771 with 1:1 RRR. SL and TP are marked on chart.
EURUSD is printing HHs and HLs on 4H/ 1H timeframes. Upon closer inspection, on 4H timeframe, it has also printed a bearish Butterfly pattern with PRZ (marked grey box) ~ 1.10680 area. On 1H timeframe, the price move in being observed in an upward channel. Therefore upon drawing confluence of trendlines, fib retracement pocket between 61.8% and 78.6%, Support area, Bearish DIvergence on RSI on 1H timeframe and PRZ of Butterfly pattern, a long entry has been planned at 1.08771 with 1:1 RRR. SL and TP are marked on chart.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.