EURUSD BUY
📊 Market Analysis - EURUSD Buy
📈 Trade Recommendation: Buy EURUSD at any price between 1.0846 till 1.0820
EURUSD Analysis:
EURUSD has broken and retested the lower high area of the descending channel in the 1 and 4-hour timeframe chart. The dollar inched lower on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a U.S. inflation reading taking centre stage. Read more : investing.com/news/economy/dollar-firms-ahead-of-busy-data-week-with-us-inflation-in-focus-3314508
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry-level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Stay informed and trade wisely! 📈💼
📈 Trade Recommendation: Buy EURUSD at any price between 1.0846 till 1.0820
EURUSD Analysis:
EURUSD has broken and retested the lower high area of the descending channel in the 1 and 4-hour timeframe chart. The dollar inched lower on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a U.S. inflation reading taking centre stage. Read more : investing.com/news/economy/dollar-firms-ahead-of-busy-data-week-with-us-inflation-in-focus-3314508
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry-level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Stay informed and trade wisely! 📈💼
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