I will go long and use the bleu mov av as a support area therefore set my stop loss below it
With Current price this is more likely. Cant be sure until price either moves down or up as its in the middle of supply and demand at the moment.
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I wouldnt buy here because lower time frames show levels of supply which you are trading in. Plus the higher Time frame supply has already been hit so I would bt looking to sell down towards demand of the higher Time frame.
EURUSD absolutely looks to be a buy as the EUR crawls up and the USD climbs down.
Not a bad way to subsidize exposures elsewhere to take advantage of leverage.
There we go just as expected from my above post. Price had risen to 15 min supply and dropped towards higher tf demand. However if I took that trade I would have got stopped out from the first supply zone. Even the 2nd zone might have stopped me out due to the wick
Thoughts on EURUSD going forward after the ECB announcement? Fundamentals will be crazy over the next week or two. Maybe just stay away?
I don’t pay attention to news