EURUSD has been tricky since the last fall on 26th of April... but we still keep our bias and trade accordingly.
as I post this analysis the price is at the very bottom of a possible range, I also believe that the target of H1 traders is not fully reached and this is the exact point where your mind plays trick with you and as trader you get confused. so for every short position you take from the top of the range, bear in mind that the SL is 20 pips above the last high and for every long position your SL is below the red line that I have plotted.
however if we assume the long trades are fully out of the trade then short traders will take profit and the buy zones plotted on the chart so simply buy in the green boxes and set SL below red if you are joining this trade, and also dont sell ...I know its tempting but try to wait
as I post this analysis the price is at the very bottom of a possible range, I also believe that the target of H1 traders is not fully reached and this is the exact point where your mind plays trick with you and as trader you get confused. so for every short position you take from the top of the range, bear in mind that the SL is 20 pips above the last high and for every long position your SL is below the red line that I have plotted.
however if we assume the long trades are fully out of the trade then short traders will take profit and the buy zones plotted on the chart so simply buy in the green boxes and set SL below red if you are joining this trade, and also dont sell ...I know its tempting but try to wait