EUR/USD ranging with no Dollar or Euro is showing power over the other.
For now, we will not take any trade, we will wait till Monday to see how the market will open.
Good Luck with your tradeswill enjoy the experience to build an efficient community to enhance traders skills.
I Used the TDI RSI confirmation to confirm this bearish trend as it is currently within the sell zone. This is a 2R setup with a 104 pip potential. I can see this swinging to 1.11000 but my current target is 1.11500. The 8 & 21 EMA cross is confirmed on the 15M, 30M, 1H, 4H.
Looking at EURUSD on multiple time frames, Could we see a rejection from this level and a turn to the downside!
- Amateur trader just building my knowledge and analysis techniques
- Not a signal
according to the daily timeframe this trade is a downwards trend. However, as the trade entry is coming off a very abnormal S/R, there is a small chance the trade can go the opposite way!
does not fully comply with my trading plan but its a Monday so F*** it!
P.S We also got USD news at 1.45PM (UK time)..
