0:0 Monthly candle pullback
2:40 Daily timeframe
3:46 4hr timeframe
4:07 Downside targets if a fakeout of trend occurs
4:37 First target Longs with Rates
6:54 1Hr timeframe
7:38 Bias heading into interest rates
Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far.
I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
2:40 Daily timeframe
3:46 4hr timeframe
4:07 Downside targets if a fakeout of trend occurs
4:37 First target Longs with Rates
6:54 1Hr timeframe
7:38 Bias heading into interest rates
Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far.
I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
Comment:
In this video and at 1.105 (also where the daily candle opened) I talked about how we may see a continuation of trend with USD interest rates on Eurusd with a push to the upside and respect of 1.1024 weekly support level. The daily candle did indeed push up as expected and is currently going to close up 36 pips. At one point price pushed to +55 pips on the day and has since pulled down a bit after touching into 1.11044 1hr/4hr zone as plotted here in this video analysis in advance. If you enjoy my analysis please share your support :)
