EURUSD trade idea (please i need rep points to be able to chat)
Hello guys! This is my trade idea for EURUSD following two consecutive winning long trades achieving 4.36R on its recent bullish movement.
After the break of structure on the Higher time frame (4H) shown in the video, and the change of trend direction upwards, it's easy to enter after pullback hit the Fibonacci 50% by switching to LTF (in my case it's the 5m or the 1m) with reasonable R multiple (2-3R). The aim is the previous LH.
The uptrend will probably take over the previous LH as well since the current 4H wicked above the LH and the ECB is likely to raise interest rate soon.
If you find this helpful please help me get the needed reputation points so I can chat with you guys.
Thanks a lot for your attention and trade safe.
After the break of structure on the Higher time frame (4H) shown in the video, and the change of trend direction upwards, it's easy to enter after pullback hit the Fibonacci 50% by switching to LTF (in my case it's the 5m or the 1m) with reasonable R multiple (2-3R). The aim is the previous LH.
The uptrend will probably take over the previous LH as well since the current 4H wicked above the LH and the ECB is likely to raise interest rate soon.
If you find this helpful please help me get the needed reputation points so I can chat with you guys.
Thanks a lot for your attention and trade safe.