PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Send a file File manager PDF Toolbox Search Help Contact



EURUSD Price Action Analysis PDF Report 5th July 2018 .pdf



Original filename: EURUSD Price Action Analysis PDF Report - 5th July 2018.pdf
Title: EURUSD Price Action Analysis PDF Report - 5th July 2018
Author: FOREXSTRATEGIESWORK.COM

This PDF 1.4 document has been generated by Designrr.io / Qt 4.8.7, and has been sent on pdf-archive.com on 05/07/2018 at 10:10, from IP address 14.192.x.x. The current document download page has been viewed 112 times.
File size: 338 KB (3 pages).
Privacy: public file




Download original PDF file









Document preview


EURUSD Price Action
Analysis – 5th July 2018

Join our Daily Price Action Newsletter to receive daily trade recommendations with
detailed trade logic explanation.

FOREXSTRATEGIESWORK.COM

EURUSD Price Action Analysis – 5th July 2018
EURUSD has been on a range on the Daily and the H4 chart. Today’s price action seems that the price is having a
correction towards the downside. There is a level, which has the potential to be a strong level of Support. If that
really happens and we get an H4 Bullish Engulfing Candle from that level, then an H1 breakout at yesterday’s higher
high would be the signal to go long on the pair today. Let us have a look at the H4 EURUSD chart.

EURUSD Price Action Analysis – 5th July 2018
As we see that the price has been ranging. The level of 1.16810 seems to be the level of Resistance here and the level
of 1.16425 might be the level of Support today. If the level of 1.16425 becomes the Support and it produces an H4
Bullish Engulfing Candle, then we should wait for an H1 breakout at the level of 1.16810 to take the long entry. Let us
have a look at the summary of the trade…

Buy Stop Order: 1.16810
Stop loss: 1.16425
Take Profit: 1.17430
Validity: 72 hours
Whenever possible, move the stop loss to the entry price and whenever you
want, you can take profit anytime as long as you feel comfortable

EURUSD Price Action Analysis – 5th July 2018

EURUSD Price Action Analysis – 5th July 2018
If the price starts trending from bit up than the potential Support level, then the price might not go all the way. That
is why it would be best if the price comes to the level that we have marked here and starts going towards the
upwards. The breakout should look like a strong breakout too since this is a very strong level of Resistance. There is
a saying “The stronger the Support/Resistance, the harder the breakout is.”

EURUSD Price Action Analysis – 5th July 2018

EURUSD Price Action Analysis – 5th July 2018


EURUSD Price Action Analysis PDF Report - 5th July 2018.pdf - page 1/3
EURUSD Price Action Analysis PDF Report - 5th July 2018.pdf - page 2/3
EURUSD Price Action Analysis PDF Report - 5th July 2018.pdf - page 3/3

Related documents


PDF Document eurusd price action analysis pdf report   5th july 2018
PDF Document eurjpy price action analysis pdf   16th april 2018
PDF Document eurnzd price action analysis pdf report   4th july 2018
PDF Document nzdusd price action analysis pdf report   3rd july 2018
PDF Document gbpjpy price action analysis pdf report   6th july 2018
PDF Document gbpusd price action analysis pdf   2nd july 2018


Related keywords