GWaves

$EURUSD | Break of 1.04624 Support Opens Floor to Bears

Penjualan
GWaves Diupdate   
FX:EURUSD   Euro / Dollar AS
Hello Traders,

As the Fed decides to raise rates we must look at the long term effect this will have on the market. In EURUSD for example a break of 1.04624 gives way for bears to take control of this pair. If and only if there is a break across and a close across 1.04624 will I consider taking a short for this pair. At the very least it will have to happen on the Daily Time Frame.

Once that event takes place, you can comfortably take a short with a stop loss above the structure or however you prefer to trade.

Very High Probability Target = 0.96872
High Probability Target = 0.89149
Medium Probability Target = 0.77855

Will be keeping a close eye on the structure in the days and weeks to come.

Best,
Chartistry
Komentar:
Update: A break of the major R/S of 1.04624 will trigger a move towards the 1-4 line on the H4 time frame.


Best,
Chartistry
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