Hello everyone this is my idea for Euro/Dollar on daily time frame
as you can see in the chart price is stuck in very narrow range between green line and red line and waiting for breakout
same time in the RSI indicator price is stuck in a very narrow range ..
The breakout will be very strong .. so we will discuss our entry and exist and profit
For bulls .. ( buying thesis )
We buy if price make a daily candle clear close above red line to target 1.26500 stop loss is daily candle close below red line .. it need to hold as support
For bears .. ( selling thesis )
We sell if price make a daily candle close below green line to target Area below shown in the chart .. stop loss previous high
for any question feel free to ask :) and good luck
as you can see in the chart price is stuck in very narrow range between green line and red line and waiting for breakout
same time in the RSI indicator price is stuck in a very narrow range ..
The breakout will be very strong .. so we will discuss our entry and exist and profit
For bulls .. ( buying thesis )
We buy if price make a daily candle clear close above red line to target 1.26500 stop loss is daily candle close below red line .. it need to hold as support
For bears .. ( selling thesis )
We sell if price make a daily candle close below green line to target Area below shown in the chart .. stop loss previous high
for any question feel free to ask :) and good luck