Get started
DrSwing_Forex

EURUSD (1Hour): Break And Re-test✅

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
DrSwing_Forex  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Trend Lines Support and Resistance
4
0
trendanalysis trendline supportandresistance
Chart Breakdown📈
  • Daily Timeframe:
    We have an uptrend in place.
    We are bullish on this timeframe, although a 3rd touch sell setup was formed, this happened earlier during the year and the sell setup has lost its strength in this uptrend.

  • 4Hour Timeframe:
    We have an uptrend in place.
    We also have a 4th touch of an uptrend trendline (buy setup) which gives extra validation to the bullish sentiment I have on this pair.

  • 1Hour Timeframe:
    We have a downtrend on this timeframe but I'm anticipating price to give us a break and re-test setup to confirm that this pair is bullish.
    I'm anticipating the trend to change from down to up as the higher timeframes are in an uptrend and have more significance when compared to the 1Hour timeframe.

Please like and follow for more quality content.

DR.Swing_Forex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.