EURUSD - Swing Trade idea

1 jun 2020

EURUSD we are creating higher highs and higher lows on the Daily, which indicates that we are in an uptrend, so we are looking for buying opportunities. However we don't want to buy just anywhere. Buy low & Sell high. Prive has just reached a sensitive point from where we saw a major rejection around 2 months ago. I am expecting price to create a retracement from this area into our daily flipzone (the green box) where i will be looking for buying opportunities to continue the move up. I have also set out 2 different take profit levels that we can look at. If we move down to the H1 chart and we see lower lows and lower highs are being created, then we can look to sell into that daily buy zone as this will indicate a short term downtrend. However don't just sell at the top, wait for a short term downtrend to form on the H1 chart.