EUR/USD Trade Idea 17 - 21 Sept 2018
The pair is still trading in a channel.
Look for a pullback to support area around 1.5600-1.5430.
Wait for daily or 4 hourly price action signal to confirm.
If there is a big daily candle breaking the support, then we can use this support as resistance and look for selling.
Will update the trade idea on the next few days if I entered the trade.
Look for a pullback to support area around 1.5600-1.5430.
Wait for daily or 4 hourly price action signal to confirm.
If there is a big daily candle breaking the support, then we can use this support as resistance and look for selling.
Will update the trade idea on the next few days if I entered the trade.
Note
200 Billion tariffs on China will likely go ahead on the 24th of Sept, so we might see a pullback to our buy zone, but be very careful if you're planning to go long against safe haven currency like USD. Wait for price action confirmation signal before you enter the trade.We can also look to short this pair when it reached 1.7300 resistance, as usual wait for confirmation first.
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