EUR-USD STRUCTURE ANALYSIS|TRADING PLAN|

21 Ağu 2020

EURUSD is trading in the accumulation/decision range right now, wiggling between the two poles.

So long as the green support stands, the target trade is a long+the diagonal trend-line is still intact and the broken diagonal resistance adds to the confidence.

TRADING PLAN:

1- If the price reaches the green support line

2-go long. 0.7% of the deposit, as there is no confirmation, unless looking at the price action in the moment.

3-SL below the support

4-Takes are on the chart.

ALTERNATIVE:

IF the support gets broken, then wait for the breakout to be confirmed, and go short. SL above the support. So you are doing a u-turn.
By the way, if the support gets broken, there will be H&S pattern there, so good chances on that one too.

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31 Ağu 2020

Not

All targets reached!