After drawing obvious areas on a 4hr time frame, I brought in my 50 period moving average and an . I plan to trade this market on a 1hr time frame using these two indicators to check for good entry points. My strategy is enter a short position when price crosses below my 50 period MA breaking any of my support levels, if is above 20 and showing signs of its strength increasing. And i'll enter a long position when price crosses above my MA breaking any obvious resistance levels. I'll also be checking for the same readings on the .
Keep in mind that I started trading the market about a month ago so i wouldn't rely on myself for any pro tips. But there you have it my analysis on EURUSD . I'd love it if anyone would take time to have a look at this, and please leave a comment or a review. I am open to suggestions from professionals and learners as well, I would love to get tips from you.