Hi Trader,
Today i would like to share my analysis and opinion in EURUSD.
3 reasons why i would like to sell this pair:
1. Price around Trend Line
2. Around Fib 0.618
3. Near a good Resistance zone.
So here my sell plan. i will wait for the price to reach at least resistance zone. than i will wait the price for the breakout to the downside in lower time frame. if i may say, this is one of the opportunity that I have been waiting for.
it is rare that we got nice setup like all this three reasons above align together.
Based on my point of view, when this 3 reasons align together. we will have good probability that the price will go down. for the risk and reward ratio it really depend on your strategy.
So hope this analysis help you
Good Luck and Trade Wisely
Today i would like to share my analysis and opinion in EURUSD.
3 reasons why i would like to sell this pair:
1. Price around Trend Line
2. Around Fib 0.618
3. Near a good Resistance zone.
So here my sell plan. i will wait for the price to reach at least resistance zone. than i will wait the price for the breakout to the downside in lower time frame. if i may say, this is one of the opportunity that I have been waiting for.
it is rare that we got nice setup like all this three reasons above align together.
Based on my point of view, when this 3 reasons align together. we will have good probability that the price will go down. for the risk and reward ratio it really depend on your strategy.
So hope this analysis help you
Good Luck and Trade Wisely