Euro / Dólar Americano
Atualizado

EURUSD Analysis and Trade Execution

146

-What do we see here?

-Price has been consolidating on this box with no real intention of going up.
-However, technical indicators suggest that we are in an a bulls market as price is respecting the trendline drawn on the chart.

-For this, I would suggest that we use stop orders for the sake of protecting ourselves as shown in the diagram.

-Our stop loss is quite some pips below as i am factoring in the consolidation of price in the box and the buy stop above the consolidation box as i am anticipating a break out to the upside.

-Initially i had thought the previous bullish candle was a big shadow and a buy catalyst but on looking left there is a lot of price action and so opted to place stop orders instead.

What are your thoughts on the same?

Comment below your charts and ideas for brain storming. Regards.
Nota
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