EURUSD - Update - How To Play It For Intra Day
I already secured about 15 pips from GBPUSD, probably not trading for the rest of the day. We need more from price.
My opinion:
As tempting as it may be to start looking for some long momentum to creep into EURUSD (which is happening right now)
The daily has given us no reason to go long, don't be that trader who thinks an H1 candle can reverse a daily trend.
The daily candles have still given us no reason at all to look long.
For that reason, I believe we are working within a range today, I "think" EURUSD should still be respecting yesterday's high.
I think we'll get at least one more swing low on the H1, but I'm going to wait today out and see how price behaves.
I'd recommend waiting for today's close. You'll be happy you did.
Maybe I'm just writing my thoughts down on this post but hey, this is what I'm thinking, it helps keep me centered.
Don't chase price.
Bias: Still looking for shorts until Daily or H4 tells me other
Look for a short in the purple zone. I'm done for the day.
Let's Elevate,
-Gio
My opinion:
As tempting as it may be to start looking for some long momentum to creep into EURUSD (which is happening right now)
The daily has given us no reason to go long, don't be that trader who thinks an H1 candle can reverse a daily trend.
The daily candles have still given us no reason at all to look long.
For that reason, I believe we are working within a range today, I "think" EURUSD should still be respecting yesterday's high.
I think we'll get at least one more swing low on the H1, but I'm going to wait today out and see how price behaves.
I'd recommend waiting for today's close. You'll be happy you did.
Maybe I'm just writing my thoughts down on this post but hey, this is what I'm thinking, it helps keep me centered.
Don't chase price.
Bias: Still looking for shorts until Daily or H4 tells me other
Look for a short in the purple zone. I'm done for the day.
Let's Elevate,
-Gio