Euro / U.S. Dollar 1h
Hello dear traders,
In today's analysis, I have examined the Euro chart, this popular currency. Please note that this analysis is based on a 1-hour timeframe, and you cannot use it to explain daily charts or compare it with analyses from other timeframes. Each analysis is specific to its own timeframe. Therefore, if you intend to utilize this analysis, make sure to set the stop loss in the specified area of this timeframe, but you can optimize your entry point.
As we can see in this analysis, we are in an upward leg on the 1-hour timeframe, and we can only say that this currency has moved into a downward trend if it breaks out of this leg (CHoCH). In that case, we will be looking for the ideal entry point for selling. I have drawn the chart in a very simple and clear manner, and when the price reaches the specified area, you can use the 5-minute timeframe for entry. However, remember that the stop loss must be set in the specified area. With patience and precision, you can achieve an excellent entry point.
Thank you for your support, and I would be happy to engage in a discussion about the analyses with you. Please feel free to challenge my points with reason and logic, as I value respectful dialogue.
Thank you,
Fereydoon Bahrami,
Retail Forex Trader
In today's analysis, I have examined the Euro chart, this popular currency. Please note that this analysis is based on a 1-hour timeframe, and you cannot use it to explain daily charts or compare it with analyses from other timeframes. Each analysis is specific to its own timeframe. Therefore, if you intend to utilize this analysis, make sure to set the stop loss in the specified area of this timeframe, but you can optimize your entry point.
As we can see in this analysis, we are in an upward leg on the 1-hour timeframe, and we can only say that this currency has moved into a downward trend if it breaks out of this leg (CHoCH). In that case, we will be looking for the ideal entry point for selling. I have drawn the chart in a very simple and clear manner, and when the price reaches the specified area, you can use the 5-minute timeframe for entry. However, remember that the stop loss must be set in the specified area. With patience and precision, you can achieve an excellent entry point.
Thank you for your support, and I would be happy to engage in a discussion about the analyses with you. Please feel free to challenge my points with reason and logic, as I value respectful dialogue.
Thank you,
Fereydoon Bahrami,
Retail Forex Trader
Feragatname
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