The area between 0.8434 and 0.8330 has been a strong support all year but got broken to the downside on 10 April. Since then, this pair gave several day trades as it pulled back to the zone (see my previous posts). As my daily chart shows, the recent retracement helped price to catch up to the 50ema and is now nicely below it.
I will be monitoring price action also on H4 to confirm if my analysis is correct and act if appropriate. We could be looking at a trade with +350 pips potential in uncertain times (due to unconventional Trumpeconomics) so I would be prepared for large swings and the need to hold the trade for extended time periods.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
I will be monitoring price action also on H4 to confirm if my analysis is correct and act if appropriate. We could be looking at a trade with +350 pips potential in uncertain times (due to unconventional Trumpeconomics) so I would be prepared for large swings and the need to hold the trade for extended time periods.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。