I've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well.
To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action will head down towards the support zone and against test its a large zone on this one and I will be keeping an eye on it to see where the best entry point is for me
I think that it will retest the support zone and then head back towards the trendline at this point I will look and a buying opportunity to get a few pips off the market but with the view to closer and finally entering a long term sell trade which once it has hit the trendline and started its descent I will place my TP where the support zone is and my SL at 1.13030.
To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action will head down towards the support zone and against test its a large zone on this one and I will be keeping an eye on it to see where the best entry point is for me
I think that it will retest the support zone and then head back towards the trendline at this point I will look and a buying opportunity to get a few pips off the market but with the view to closer and finally entering a long term sell trade which once it has hit the trendline and started its descent I will place my TP where the support zone is and my SL at 1.13030.