EURUSD buy

25 oct. 2023After analyzing the market over the past week, EURUSD is on an overall downtrend, but has been on an uptrend for the past week. I am looking at it for a short sale. There is a break of structure on the four hr. The market has a hard time getting past 106.853. It hit the area three times in the past two days, and has not gotten past that area. I feel it will hit the area again, prior to turning around to continue downtrend. Price is currently crossing up over EMA, with momentum and Stochastic facing up.

25 oct. 2023

Transaction en cours

This is a 1:2 Risk to reward ratio

25 oct. 2023

Transaction en cours

Idea is still in motion, almost hit SL, but turned around at repeated support zone. Trade Idea pending

25 oct. 2023

Commentaire

Original analysis should have said "Short buy" not "short sell," as indicated on the chart TP and SL areas.