EURUSD - Chart - Trade Plan - Weekly/Monthly Outlook - 3-31-2018

in #forex8 years ago (edited)

EURUSD - Chart - Trade Plan - Weekly/Monthly Outlook - 3-31-2018

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Giving some critical support/resistance levels for EU on next week/month:

Monthly,

  • On monthly chart, EU is at the middle of the range(2154-2555). I will wait for any prices near 2413 to try my first short, if it breaks there, I will close my trade and wait to short again around 2555.
  • On the downside, my first long term long would be around 2192, if it breaks that level, I will wait for the next long for my long term trade around 20ish or just above this level.

Weekly,

  • The weekly chart looks like EU has its first attempt to break out the upside triangle and facing up the first minor resistance at 2456 area). If it closes above 2456, will give me a chance to short again around 2555, I strongly think that EU will give a reversal around 2555, good chance to get pips there.
  • On the downside, a break of minor support at 2285, I will take my first long entry around 2239/41 area, but a break of this area would change my bias to the down move to 2154, so I will be looking for short when I see any closes below 2239.

This is my personal view, so I hope this can help your trading idea!
Good luck with your trades !

Today , weekly/monthly charts(03-31):
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Nice one mate, we add a similar range at that area 2012 and a good break above would lead to lots of pips... Lets just be patient

Agreed, "let's just be patient" !
Thank you!

UPDATE 1:

Thank you for your support guys!

Back to bed, bbl, see you guys on Sunday!

Happy Easter !!!
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Happy Zombie Jesus day!

Thank you.. lol !

The month closed in bullish with lower high and the week closed bearish but still above the previous low, bear could take the trend when EU breaks the week low at 2239.
So as long as EU stays above 2239, I will long with SL closes below 2239 support level.

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