empty
 
 
04.06.2019 08:12 AM
Trading plan for EUR/USD for June 04, 2019

This image is no longer relevant

Technical outlook:

The EUR/USD pair has managed to reach its resistance zone as defined between 1.1250/60 levels here. A high probable trade setup from here should be lower. Those who initiated short positions yesterday, keeping stops above 1.1220 levels could prepare to re-enter short positions today and the risk remains above next in line resistance at 1.1320 levels respectively. If bulls manage to break above 1.1260 levels consistently, we might re-consider our trading direction of selling on rallies. On the other side, if consolidation continues further, we could see a bearish reversal around these levels, dragging prices lower below 1.1100 levels going further. In the latter case, the overall wave structure remains bearish, and we can expect a break below 1.1100 levels soon. Even if this is not a consolidation, prices are expected to drop at least to 1.1180 levels, which is backside of the resistance trend line and which is support now.

Trading plan:

Remain short with a stop above 1.1324, target below 1.1100

Good luck!

Summary
Urgency
Analytic
Oscar Ton
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback