EUR/USD Trade Idea

PhoenixMan

19 Oct 2020, 11:07 · 閱讀量 812

Hi guys, hope you guys have a good start of the week.

This is EUR/USD 1-hour chart. Overall looking to sell EUR/USD, due to gaining strength in USD.

This is my own trading idea, trade on your on risk.

Happy trading!

已編輯 19 Oct 2020, 11:10

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PhoenixMan

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EA trader. Please follow my strategy pro-rata.

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Hello everyone! the EUR/USD pair came to the support line and began to grow strongly. During the week of growth, it broke through several support lines at once. Now the price has stopped at the resistance line. I expect that the price to fall from this line. There is a support line in the middle of the channel. But the fact that before that the price showed strong growth indicates that it will be able to break this line. Good luck on trading guys!

PhoenixMan

Currently the EUR/USD is at a critical area. It is at the 100-day EMA level. Besides, 1.1620 can also offer some amount of support. So, it is possible to see a small pullback to the upside. Based on the point of view, I won't advise to buy big at this stage. My preferred approach is to sell the rallies in EUR/USD if it reaches the resistance level. This is my own trading idea, trade on your own risk. Good luck on trading guys!

PhoenixMan

U.S. presidential elections are coming very soon. I do not recommend trading today and tomorrow. And it is better to close the actual trades related to the dollar! ✌️

PhoenixMan

LOL😂

PhoenixMan

Hello guys, the pair AUD/USD moved upward and break the resistance zone of of 0.72200. AUD/USD next support zone is at 0.72200 and the next resistance zone is at 0.73900. Since the result of the U.S. Presidential Election is not yet finalized, look for short-term buying opportunities of AUD/USD. What do you guys think about it?🤔

PhoenixMan